Retail loans reached 1,021 ISK bil in 2017 in Iceland, according to the National Central Bank. This is 7.33 % more than in the previous year.
Historically, retail loans in Iceland reached an all time high of 1,021 ISK bil in 2017 and an all time low of 78.9 ISK bil in 1997.
Iceland has been ranked 16th within the group of 40 countries we follow in terms of retail loans, 6 places above the position seen 10 years ago.
A retail loan is a loan provided by a bank to a physical person.