Sparebanken Møre adjusts interest rates

19 Dec 2022 15:30 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 31 January 2023
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.

– On 15 December Norges Bank increased the key interest rate for the sixth time
this year. In addition, there is still a high general price increase and for
many customers it can be challenging financial times. At Sparebanken Møre, all
mortgage customers have a personal authorized advisor with specialist expertise
in personal finance. We are well trained to assist our customers with financial
advice. To have a personal advisor is highly appreciated by our clients
according to customer surveys, 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:
Access the news on Oslo Bors NewsWeb site