– We have seen an unhealthy growth in consumer loans over several years, ” says Bjerke in an interview with Dagens Næringsliv.
– 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 an industry standard. There may be a need for new guidelines, ” says Bjerke.
DNB is a small player in the field of common personal loans. At the same time, the bank has about 30 percent of the market of credit cards in Norway.
DNBs own figures show that the bank has a little over 15 billion issued via credit card. Just over three billion are within the personal loans.
DNB does not have an aggressive growth in credit cards and consumer loans. At the same time I can’t say that there have been cases where the marketing has been more than evident, ” says Bjerke to the newspaper.
He says that DNB has started a review to see if the marketing is in line with the bank’s default.
– I want to come with a strong warning against Bank Norwegian
Massive increase
E24 has lately put the spotlight on the explosive growth in household consumer loans.
The last few years has the overall forbrukslånet in Norway increased explosively and was 83 billion in the second half of 2016, according to the financial supervisory authority of norway.
In the fall got E24s journalist, without security in the home and with the 400.000 dollars in student loans, two million in consumer loans. The average interest rate was 20.6 percent.
the Norwegian Consumer council is among the players who believe it’s too easy to take up unsecured loans with high interest rates.
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