The Norwegian Financial Supervisory Authority published its quarterly review of how a sample of Norwegian and foreign financial institutions used the lending regulation’s flexibility quotas in Q4 2024. The share of new residential mortgages that deviated from one or more regulatory requirements rose from Q3 2024, while the deviation share for new consumer loans fell slightly and the share for loans secured on non-housing collateral was broadly unchanged. Residential mortgage deviations increased both for loans secured on housing in Oslo and outside Oslo. No institution in the sample exceeded the maximum deviation share permitted under the lending regulation. The report reiterates that the lending regulation allows limited lending beyond certain requirements via flexibility quotas, and that institutions must report quarterly to their board or, for foreign institutions, management on quota use; the Authority collects data on total lending volumes and volumes deviating from each requirement. It also notes that the Ministry of Finance amended parts of the lending regulation with effect from 31 December 2024, including raising the maximum loan-to-value requirement from 85% to 90%, but that these changes do not affect the Q4 2024 reported data.

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