Sparebanken Møre adjusts interest rates

07 Nov 2022 17:24 CET

Sparebanken Møre increases lending and deposit rates by up to 0.25 percentage
points.

The reason for the change is the increased money market rates and the key policy
rate adjustment from Norges Bank.

For retail customers the new interest rates will be effective on 20 December
2022 for existing loans and deposits.

Customers will be notified on how the rate change will affect their loans and
deposits in the internet bank/mobile bank or in a letter by regular post.

– Many customers will have tighter finances going forward, and we are seeing a
growing demand for advice. We are well-equipped to assist our customers with
tailored advice and long-term planning, and constantly receive feedback that
they appreciate having an advisor who knows them, says Elisabeth Blomvik, EVP
Retail Banking Division in Sparebanken Møre.

Contacts:

Elisabeth Blomvik, EVP Retail Banking Division
Mobile +47 415 54 195, e-mail elisabeth.blomvik@sbm.no

John Arne Winsnes, CFO
Mobile +47 462 80 999, e-mail jaw@sbm.no

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

More information:
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