Retail Banking Market Insights: Norway Market Research Report, Increasing Demands and Forecast Trends

Albany, NY -- (SBWIRE) -- 02/05/2016 -- Norway has a developed, well diversified, and stable financial system. The market for financial services is concentrated, with a handful of large banks controlling a significant market share. Product ownership rates are high for mortgages and current and savings accounts. Consumers are generally conservative in their choice of provider, with a bias towards providers they have an existing relationship with. The market should open up to new entrants in order to encourage greater competition within the sector.