DNB lowers the interest rate on home mortgages

DNB has today decided to reduce the home mortgage interest rate by up to 0,4 percentage points.  

-The price of money has fallen over the past weeks, as a result of market developments and the uncertainty around the Norwegian economy. As Norway’s largest bank, we must be a safe and predictable partner for our customers and offer competitive prices. We are therefore lowering the interest rate for home mortgages by up to 0,4 percentage points for new and existing customers, says Ingjerd Blekeli Spiten, head of Personal Banking in DNB.  

-DNB is one of the most solid banks in Europe, and we play an important role in society by helping to keep the wheels of the Norwegian economy turning. Over the last eight weeks we’ve helped thousands of customers with everything from interest-only periods to bridging loans, and we’ll continue to do so. The bank is still open like before, and the corona situation has not made it more difficult for Norwegian consumers to get a loan in DNB, she continues.   

The interest rate change for existing home mortgages comes into effect from 25 May. Our new rates will apply to new mortgages from 11 May. All customers whose interest rates are adjusted will be given information in the Internet bank or receive a letter by regular mail, explaining how their mortgage is affected.

For further information:

Investor contact:
Rune Helland, head of Investor Relations, tel. (+47) 23 26 84 00 / (+47) 977 13 250

Media contact:
Thomas Midteide, Group EVP Communications, tel. (+47) 962 32 017

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