Fewer company bankruptcies in Northern Norway

Astri Edvardsen
bankruptcies business northern norway

In the first quarter of 2026, 60 companies in Northern Norway went bankrupt, which is the second lowest number in 20 years. The bankruptcy rate was only lower in the pandemic year of 2021, with significant support measures for the business sector. This is reported by the Knowledge Bank at SpareBank 1 Nord-Norge.

The decline is 9 percent compared to the first quarter of last year and comes after a drop in the bankruptcy rate of 25 percent in 2025. Three sectors stand out with the largest decline in the number of bankruptcies: the construction industry, retail trade, as well as accommodation and catering.

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