Number of banks reached 41.0 banks in 2019 in Norway, according to the National Central Bank. This is 4.65 % less than in the previous year.
Historically, number of banks in Norway reached an all time high of 784 banks in 1929 and an all time low of banks in. When compared to Norway's main peers, number of banks in Denmark amounted to 67.0 banks, 24.0 banks in Finland, 8.00 banks in Iceland and 78.0 banks in Sweden in 2019.
Norway has been ranked 42nd within the group of 140 countries we follow in terms of number of banks, 29 places behind the position seen 10 years ago.