Norwegian Financial Supervisory Authority reports stable residential mortgage deviations and higher consumer-loan deviations under the lending regulation in Q3 2025

The Norwegian Financial Supervisory Authority published a quarterly report on financial institutions’ use of the lending regulation’s flexibility quotas in the third quarter of 2025. Deviations from the regulation in new residential mortgage lending were nearly unchanged from the previous quarter both in Oslo and outside Oslo, while the share of new consumer loans granted outside the requirements was somewhat higher; deviations for lending secured on assets other than housing fell. The lending regulation applies to residential mortgages, consumer loans, and loans secured on other collateral, and allows institutions to grant a limited volume of loans that breach one or more requirements through flexibility quotas. Institutions providing these loan types must report quarterly to their board, or to management in the case of foreign financial institutions, on their use of the quotas, and the Authority compiles quarterly figures from a selection of Norwegian and foreign institutions on total lending volumes and volumes deviating from specific regulatory requirements.