DNB adjusts interest rates on home mortgages

On Thursday, Norges Bank raised the key policy rate by 0.25 percentage points. The price that banks pay to borrow money has also gone up in the past months. 

DNB has therefore decided to increase the interest rate on home mortgages by up to 0.25 percentage points.  

"The last few years, the interest rates in Norway have been record low, and an increasing key policy rate from the Norwegian central bank is a sign that the Norwegian economy is still doing well. This has an effect on mortgage interest rates, and that is why they are now being raised. DNB will continue to offer competitive terms on loans," says Ingjerd Blekeli Spiten, head of Personal Banking in DNB. 

"We also want to help young customers enter the housing market by offering them favourable interest rates, while green home mortgages will have our best indicative floating interest rate of 2.89 per cent," she continues.  

The 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 these customers, the interest rate adjustments will become effective as of 7 November. 

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.

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