SpareBank 1 SR-Bank increases the interest rate on loans
Regulatory authorities have clearly signalled stricter capital requirements for Norwegian banks. At the same time the authorities have signalled significantly increased risk weighting of retail mortgages, which will affect both existing and new mortgages issued by Norwegian banks.
On this basis, SpareBank 1 SR-Bank has decided to increase its lending rates both to private clients, corporate clients and agricultural customers.
For retail mortgage customers floating rate loans will increase up to 0.30%. The new prices will apply for new mortgages from 12 March and for existing mortgages from the beginning of May.
Stavanger, 11 March 2013
Thor-Christian Haugland, EVP Communications, tel. +47 480 31 633
Vidar Torsøe, VP Investor Relations, tel. +47 970 80 656