Tough times ahead for bankers: Norway's Gjedrem

Svein Gjedrem, the governor of the Central Bank of Norway, has predicted a fall in the fortunes of the country's banking industry.

Speaking in Hamar last week, Gjedrem described the past 15 years as "a golden era" for Norweigan banks: "Selling loans has been easy, there have been virtually no losses, and deposits and borrowing have been stable. Banks have in addition been particularly adept at making use of new technologies and being more cost effective."

But, he said that lending growth was

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here:

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: