SpareBank 1 Nord-Norge increase lending rate
The regulatory authorities warn of stricter requirements for capital adequacy for Norwegian banks. Concurrently the authorities are signaling a powerful increase of risk weighting of mortgages, with effect both for existing and new mortgages issued by Norwegian banks. With this as its starting point SpareBank 1 Nord-Norge will increase its collected lending rates for retail, business and agricultural customers. With regards to the bank`s mortgage customers the adjustment of variable interest loans will lead to an increase of up to 0.30%. The changes will apply for new mortgages from