Following the two key policy rate hikes from Norges Bank on September 23 and
December 16 of 2021, Sbanken has decided to increase interest rates on home
loans by up to 0.25 percentage points.
«After the rate increases, we will still offer loans with low interest rate, and
our new best amortizing mortgage rate is now 1.84 percent, while the best rate
for non-amortizing mortgages will be 1.74 percent After Norway's central bank
increased the key policy rate in September, several thousand new customers have
applied to move their mortgages to us. With service offerings free of charge and
continued competitive rates, we believe this trend will continue", says Øyvind
Thomassen, CEO of Sbanken.
Deposit rates are increased by up to 0.15 percentage points, effective from
March 1.
Sbanken's customers will shortly receive notice regarding the changes in
mortgage rates. For existing mortgage customers, the reduction comes into effect
from March 1 2022. For new customers, the adjustment will apply from January
17 2022.
Contact:
Investor Relations,
Henning Nordgulen, CFO, Sbanken ASA, +47 952 65 990
Media contact,
Trine Hvamb, Sbanken ASA, +47 907 01 117
This information is subject to the disclosure requirements pursuant to Section
5-12 the Norwegian Securities Trading Act