The Norwegian Financial Supervisory Authority has issued a regulation setting the statutory late payment interest rate and the standard compensation for recovery costs for the second half of 2025. The late payment interest rate is set at 12.25% per annum and the standard compensation amount at NOK 460, both applying from 1 July 2025. The Ministry of Finance decided on 18 June that the Norwegian Financial Supervisory Authority would set these rates under the Late Payment Interest Act, making this the first determination by the authority under the new delegation. The late payment interest rate is fixed semi-annually (effective 1 January and 1 July) and must equal Norges Bank’s policy rate plus at least 8 percentage points; for H2 2025 the rate is 0.25 percentage points lower than the previous setting. The standard recovery-cost compensation is also set semi-annually and must correspond to EUR 40; the NOK amount has been adjusted down from NOK 470 to NOK 460 due to exchange-rate changes.
Norwegian Finanstilsynet 2025-06-27
Norwegian Financial Supervisory Authority sets late payment interest for H2 2025 at 12.25% and standard recovery-cost compensation at NOK 460
The Norwegian Financial Supervisory Authority has set the late payment interest rate at 12.25% per annum and the standard compensation for recovery costs at NOK 460 for the second half of 2025, effective 1 July. This is the first determination under the new delegation from the Ministry of Finance. The interest rate is adjusted semi-annually to match Norges Bank’s policy rate plus at least 8 percentage points, while the compensation amount aligns with EUR 40, adjusted for exchange-rate changes.