Source: Reuters
Author: Balazs Koranyi
Norway’s banks are well capitalised and continue to report solid earnings, but European turmoil, high household debt and rising funding costs have increased risks for the sector, the central bank said on Tuesday.
Banks are expected to post healthy capital levels this year but the sector, particularly top lenders, need to boost their core Tier 1 levels and their share of long-term funding to improve their resilience, the bank said in its biannual financial stability report.