SpareBank 1 SR-Bank ASA: Increasing home mortgage rates

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

“Money market rates have risen over the winter, and faster than Norges Bank’s policy rate. We are adjusting our mortgage rates because the cost of borrowing has increased,” says Roger Lund Antonesen, Executive Vice President Retail Market of SpareBank 1 SR-Bank.

While there is some uncertainty internationally, Norway is experiencing high levels of economic activity and low unemployment. Due to the strong economic growth the policy rate is expected to rise going forward.
  
SpareBank 1 SR-Bank’s new terms will apply to new loans from 29 March and to existing loans from 10 May 2022.

  
Stavanger, 28 March 2022.
  
Contact
Roger Lund Antonesen, Executive Vice President Retail Market, Tel. +47 976 61 221
Stian Helgøy, Vice President Investor Relations, Tel. +47 906 52 173
Øyvind Knoph Askeland, Vice President Communications, Tel. +47 922 32 639

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