June 4, 2019 / 8:39 AM / 3 months ago

Norway economy remains at risk from high private debt levels-bank regulator

OSLO, June 4 (Reuters) - High debt levels among Norwegian consumers and high property prices continue to pose a significant risk to the Nordic country’s economic and financial stability, its Financial Supervisory Authority (FSA) said on Tuesday.

“High debt levels and high property prices pose a significant risk to economic and financial stability in Norway,” the agency said in a statement.

Residential mortgage lending regulations have contributed to tighter lending practices, but the growth in households’ overall debt nevertheless remains high, it added. (Reporting by Gwladys Fouche, editing by Nerijus Adomaitis)

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