DNB adjusts interest rates on home mortgages

DNB has today decided to increase interest rates on home mortgages by up to 0.25 percentage points.  

“It has long been expected that Norges Bank would increase the key policy rate at their meeting on 21 March. The interest rates have been historically low over a long period of time, and the fact that they are now rising signals a positive development in the Norwegian economy," says Ingjerd Blekeli Spiten, head of Personal Banking in DNB.  

"We will continue to offer highly competitive prices, while delivering a complete range of banking services, including sound advice, simple digital solutions and people you can talk to all over the country," she concludes.  

For existing customers, the interest rate adjustments will become effective as of 8 May. All customers whose interest rates will be adjusted, will be given information in the Internet bank or receive a letter by regular mail, explaining how their mortgage will be affected.  

For further information, please contact: 

Even Westerveld, EVP Corporate Communications, tel. ( 47) 400 16 744
Rune Helland, head of Investor Relations, tel. ( 47) 23 26 84 00 / ( 47) 977 13 250

This information is subject to the disclosure requirements according to Section 5-12 of the Norwegian Securities Trading Act. 

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DNB is Norway's largest financial services group and offers financial products and services, including loans and deposits, mutual funds and asset management, life insurance and pension savings, payment and financing services, real estate broking and services related to the money and capital markets.