SpareBank 1 SR-Bank changes interest rates on mortgages and deposits

To reduce price pressure in the Norwegian economy, Norges Bank raised the policy rate on Thursday to 3 percent. SpareBank 1 SR-Bank is raising its rates for mortgages by up to 0.25 percentage points and deposits by up to 0.35 percentage points.

“Norges Bank is raising the key policy rate to limit inflation. This can contribute to more stable prices and increased predictability, which is important for a well-functioning economy. Stable, low inflation is important for both individuals and businesses to plan ahead. We ask customers who need advice on their personal finances in connection with increased costs to contact us,” says Roger Lund Antonesen, Executive Vice President for Retail Banking.

The new terms will take effect on 28 March for new loans and 9 May for existing loans. All mortgage customers will receive information via the online bank or by mail on how the interest rate change affects them.

Stavanger, 27 March 2023.
 

Contact people:

Roger Lund Antonesen, Executive Vice President Retail Market, Tel. +47 976 61 221
Øyvind Knoph Askeland, Director of Communications, Tel. +47 922 32 639

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