SpareBank 1 SR-Bank raises mortgage rates

07 Nov 2022 14:45 CET

On Thursday, Norges Bank raised its policy rate to 2.50%. The rate hike was in
line with earlier forecasts and due to persistently high inflation. As a result
of the rate hike, SpareBank 1 SR-Bank is raising its rates for mortgages and
deposits by up to 0.25 percentage points.

"Norges Bank is raising its policy rate to prevent inflation from becoming
entrenched. We would encourage customers who are concerned about their personal
finances due to the higher rates and costs to contact us for advice," says Roger
Lund Antonesen, Executive Vice President Retail Market, SpareBank 1 SR-Bank.

SpareBank 1 SR-Bank's new terms will apply to new loans from 8 November and to
existing loans from 20 December. All mortgage customers will receive information
via their online bank or a letter in the mail about how the change in interest
rates will affect them.

Stavanger, 7 November 2022

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.

More information:
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