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Regulatory press release

SpareBank 1 Nord-Norge to lower interest rates on home mortgages

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SpareBank 1 Nord-Norge is to lower its interest rates on home mortgages by up to 0.35 percentage points for new and existing customers. The bank is at the same time making it easier to apply for postponement of installments.

The new lowest mortgage rate will be 2,50 %.

- At SpareBank 1 Nord-Norge we will do what we can to contribute to what is a difficult time for our customers. Lower interest rates are a measure that will help many, and we are now also making it easier for our mortgage customers to postpone the payment of installments, says Lasse Hagerupsen, Executive vice president Personal banking at SpareBank 1 Nord-Norge.

The rate change will become effective on 23 March for new borrowers, for existing borrowers on 4[th] of May.

 

Tromsø, 16 March 2020

 

Contact persons at SpareBank 1 Nord-Norge:

Executive vice president Personal Banking: Lasse Hagerupsen, tel 975 02 197

Chief Communications Officer: Stein Vidar Loftås, tel 951 26 576

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

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