The general public’s domestic loan debt in Norway rose by 3.8% year-on-year to NOK 7.73 billion at the end of September 2025, following a 4% increase in the previous month. This marked the slowest pace of loan growth since March, reflecting softer credit expansion in municipal government (6.9% vs 8.3% in August) and non-financial corporations (1.7% vs 2%). Meanwhile, household loan debt growth edged higher to 4.4% from 4.2% in the prior month.