Corporate loans reached 12.3 USD bil in 2017 in Iceland, according to the National Central Bank. This is 20.5 % more than in the previous year.
Historically, corporate loans in Iceland reached an all time high of 21.0 USD bil in 2007 and an all time low of 2.11 USD bil in 1997.
Iceland has been ranked 38th within the group of 75 countries we follow in terms of corporate loans, 4 places behind the position seen 10 years ago.
Corporate loans are loans made to businesses for a specific business purpose.