SpareBank 1 SR-Bank ASA; Increasing home mortgage rate

SpareBank 1 SR-Bank is adjusting its home mortgage rate for existing customers by up to 0.25 percentage points

These changes are taking place due to increased borrowing costs for the bank.

‘As the economy stabilizes, we are seeing interest rates increase from the historically low levels we have seen during the COVID-19 pandemic. In recent months, the money markets have risen, which means that the bank’s borrowing costs have also increased. We are therefore adjusting our rates, but will remain competitive going forward,’ says Jan Friestad, EVP for the Retail Market at SpareBank 1 SR-Bank.

These new terms and conditions will apply to new loans from September 29th 2021, and will apply to existing loans from November 9th.

Stavanger, 27 September 2021

Contact persons:

Jan Friestad, Executive Vice President, Retail Market, Tel. +47 913 45 504

Stian Helgøy, Vice President Investor Relations, Tel. +47 906 52 173

Ruth Siri Espedal Lycke, Chief Information Officer, Tel. +47 906 65 931

This information is disclosed in compliance with section 5-12 of the Securities Trading Act.