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

Due to high inflation and activity in the Norwegian economy, Norges Bank raised the policy rate to 3.75 percent on Thursday 22 June.  

Today SpareBank 1 SR-Bank is adjusting the interest rates on mortgages and deposits by up to 0.50 percentage points, corresponding to the change made by Norges Bank. 

"The central bank's task is to ensure low and stable inflation, which is an important assumption for economic planning for individuals and businesses. The sustained pressure in the Norwegian economy results in increased costs and interest expenses. We understand that this can be challenging, and therefore encourage customers seeking advice to contact us," says Roger Lund Antonesen, Executive Vice President, Retail Market. 

The new terms will take effect from 27 June for new loans, and from 8 August for existing loans. All mortgage customers will receive information through online banking or by mail regarding how the interest rate change will affect them. 

Stavanger, 26 June 2023. 

Contact persons: 

Roger Lund Antonesen, Executive Vice President, Retail Market, phone: +47 976 61 221 

Mari Løvås, Communications advisor, phone +47 479 03 328 

This information is subject to disclosure requirements pursuant to Section 5-12 of the Securities Trading Act.