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

Contact:

Thor-Christian Haugland, EVP Communications, tel. +47 480 31 633
Vidar Torsøe, VP Investor Relations, tel. +47 970 80 656

 

This information is subject of the disclosure requirements acc. to §5-12 vphl (Norwegian Securities Trading Act)

About Us

SpareBank 1 SR-Bank is Norway’s second largest savings bank and operates in the Rogaland, Agder and Hordaland markets. We provide financial products and services, including loans and deposits, mutual funds and asset management, insurance and pension savings, payment and financing services, real estate brokerage and services related to the money and capital market. The head office is in Stavanger.

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