DNB increases interest rates on home mortgages and deposits

"On the basis of Norges Banks's decision at the monetary policy meeting on 22 June to raise the key policy rate by 0.50 percentage points, DNB has decided to increase the interest rate on home mortgages and deposits by up to 0.50 percentage points," says Ingjerd Blekeli Spiten, head of Personal Banking in DNB.

In DNB, we want to help young people enter the housing market, and customers who are buying their first home will therefore be given our best floating interest rate of 4.84 per cent. We have also strengthened our advisory services targeting this customer group.

All customers whose interest rates are adjusted will be given information in the online bank or recieve a letter by post, explaining how this will affect them. The new interest rates will apply from 27 June for new mortgages and deposits, and from 7 August for existing mortgages and deposits.

For further information:

Rune Helland, Head of Investor Relations, tel.: (+47) 23 26 84 00 / (+47) 97 71 32 50

Kari Vartdal Riise, Executive Vice President of Communications (acting), tel.: (+47) 97 51 67 07