DNB adjusts interest rates on home mortgages

Yesterday, Norges Bank raised the key policy rate by 0.25 percentage points. DNB has today decided to increase the interest rates on home mortgages by up to 0.25 percentage points.  

"Interest rates have been low for an extended period of time, and the Norwegian economy is still doing well. It was also both expected and forewarned that Norges Bank would raise the key policy rate at the meeting on 20 June,” says Ingjerd Blekeli Spiten, Group Executive Vice President of Personal Banking in DNB.  

"We will continue to prioritise customers who own or buy energy-efficient housing, and green home mortgages will get our best indicative interest rate of 2.69 per cent. At the same time, we want to help young customers enter the housing market by offering them good interest rates,” she says. 

For existing customers, the interest rate adjustments will become effective as of 8 August. 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.