Norwegian banks increased their profits in 2016 compared with the previous year. Net interest income went up from 1.42 per cent of average total assets to 1.52 per cent. Most Norwegian banks had significant non-recurring revenues from the Visa transaction in 2016, which increased profits from financial instruments.
Losses on loans almost doubled from NOK 5.5 billion in 2015 to NOK 10.1 billion in 2016. Losses accounts for 0.43 percent of average gross lending in 2016 compared to 0.24 percent in 2015.