SpareBank 1 SR-Bank ASA: Increasing home mortgage rate

In light of Norges Bank raising its policy rate and the bank experiencing higher borrowing costs, SpareBank 1 SR-Bank is adjusting its mortgage rates for existing customers by up to 0.25 percentage points.

“As the economy improved this autumn, money market rates also rose. This in turn means that the bank’s borrowing costs have risen. We are, therefore, adjusting our mortgage rates,” says Roger Lund Antonesen, Executive Vice President Retail Market in SpareBank 1 SR-Bank.

The new terms will apply to new loans from 20 December and to existing loans from 31 January 2022.

The reopening of society resulted in a marked upturn in the Norwegian economy and expectations of a normalisation of interest rates. However, the uncertainty surrounding Covid-19 infections has increased in December and this has resulted in the reintroduction of social restrictions.

“We are carefully monitoring the development of the Covid-19 pandemic and encourage customers to contact the bank if they need to,” says Antonesen.

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Stavanger, 17 December 2021

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Contact people

Roger Lund Antonesen, Executive Vice President Retail Market, Tel. +47 976 61 221 ​

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

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

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