the Growth rate is higher and marketing is more aggressive than what is usual in the financial industry as a whole. It is necessary that the industry goes together to look at a new industry standard. There may be a need for new guidelines, ” says Bjerke to the newspaper.
About 60 per cent of the market is credit card and the rest is other consumer loans, according to the financial supervisory authority of norway. DNB is the largest on credit card debt in Norway is approximately 30 per cent of the market. Bjerke said DNB is now going through the marketing for credit cards and personal loans to see if it has been “more than evident”.
Bank2-founder Jon Harald Nordbrekken mean DNB using the small banks as a target in the debate about personal loans.
– The major banks, such as DNB, hiding behind the small forbrukslånsbankene. The big banks lend out substantial sums in credit card debt, ” says Nordbrekken to Today’s Business.
The strong growth of consumer loans also leads to an increase in debt problems. Earlier in the month notified the police that the enforcement officer has been asked to tvangsinnkreve debt 360.000 times in the year, a doubling in ten years. (©NTB)
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