Director Of Commercial Lending salary in Norway

Average Yearly Salary of Director Of Commercial Lending in Norway is approximately 2,541,187 NOK (230,968 USD). Data is for 2025 and indicates a pre-tax value. The salary itself depends on multiple factors such as seniority, job performance, certifications, experience or any other bonuses. The value indicated is an average amount based on records we have in database. Real values may vary. The data is for orientational purposes.

What does Director Of Commercial Lending do?

The Director of Commercial Lending is responsible for overseeing and managing the commercial lending department within a financial institution. They are in charge of developing and implementing lending strategies, policies, and procedures to ensure the growth and profitability of the commercial lending portfolio. This role involves identifying potential borrowers, conducting credit analysis, and approving loan applications. The Director of Commercial Lending also collaborates with other departments to cross-sell products and services, manages relationships with existing clients, and ensures compliance with regulatory requirements. They provide leadership and guidance to the lending team, monitor loan performance, and make recommendations for risk management and portfolio diversification. This position requires strong analytical skills, knowledge of commercial lending practices, excellent communication and negotiation abilities, and the ability to build and maintain relationships with clients.

Skills: Director, Commercial Lending, Financial Institution, Loan Portfolio, Credit Analysis, Risk Management.
Job industry: Banking

How much does Director Of Commercial Lending make?

Difference in salary year over year or average salary increase is approximately 4 %


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Salary comparison to National average

Is Director Of Commercial Lending a well paid job?

Yes, our data show that Director Of Commercial Lending is a very well paid job. With years and experience the salary might increase even further, resulting in higher satisfaction.

What is considered a high salary for Director Of Commercial Lending?

High salary for Director Of Commercial Lending would be somewhere between 2,795,306 NOK and 3,684,721 NOK. However this is an estimation based on Gaussian Distribution.

How much can you save working as Director Of Commercial Lending in Norway?

Living in Norway the approximate monthly expenses are: 3,820 USD. This amount covers basic needs such as food, housing, clothing, healthcare and education costs for a single person. No luxury expenses such as traveling, leisure, hobbies are included in the estimation.

Estimated Yearly Salary: 2,541,187 NOK
Estimated Monthly Salary: 211,766 NOK
Estimated Weekly Salary: 48,869 NOK per week
Estimated Hourly Salary: 1,222 NOK per hour
By working as Director Of Commercial Lending a person can save up to 15,427 USD per month or 185,123 USD yearly. Values are pre-tax.

NOTE: These values are estimates and are averaged for the whole country. Furthermore the value is likely exaggerated as no other expenses are taken into account in the projection. Unessential expenses are very subjective and are difficult to assess. Most likely the previously estimated number is significantly lower for majority of people. Expenses in different cities across the country may vary. Above values accuracy is low and is based on limited set of data obtained.

For more information regarding expenses in Norway, see costs of living in Norway.

Salary comparison to region and neighbouring coutries

Country's neighbours are: Sweden, Finland, Russia, Denmark.
To make it easier for comparison a conversion from local currency to USD has been made (conversion rates may vary).

Estimated Yearly Salary for Director Of Commercial Lending

Last revision of data: 2025-01-04

Salary increase per years of experience

Based on data available the salary increase per years of experience is as following

0 years (beginner) equals base salary

1 to 5 years of experience yields +12% salary increase

6 to 10 years of experience yields +25% salary increase

11 to 15 years of experience yields +16% salary increase

16 to 25 years of experience yields +9% salary increase

more than 25 years of experience yields +10% salary increase

NOTE: Details based on limited set of data. Percentages may vary. The salary increase over years of experience can vary widely based on factors such as job industry, job role, location, company size, and individual performance. To gain even larger increase in salary one is advised to switch jobs and / or employer.

Top 10 highest salaries in Norway

Data as of 2025

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