DNB lowers the interest rate for corporate customers
“We are lowering the interest rates on loans and overdraft facilities for both new and existing corporate customers with floating interest rates by up to 0.35 percentage points. There is now a great deal of uncertainty in the market. This means that the banks are still paying a higher price for their loans in the market than they did a few days ago, in spite of the interest rate cut from the central bank,” says Harald Serck-Hanssen, head of Corporate Banking in DNB.
“Many of our customers are now facing a difficult situation, and we want to help keep the wheels turning for viable businesses. If necessary, we can make individual assessments, and in addition to providing good advice and helpful tips, we can consider other options such as temporary interest-only periods and short-term credits,” says Serck-Hanssen.
For existing customers, the interest rate adjustments will become effective as of 13 April 2020. Our new prices will apply from Tuesday 17 March. 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) 977 13 250
This information is subject to the disclosure requirements according to Section 5-12 of the Norwegian Securities Trading Act.