Sparebanken Møre adjusts interest rates

28 Mar 2023 10:30 CEST

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

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

For retail customers the new interest rate will be effective on 10 May 2023 for
existing loans and deposits.

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

- A higher level of interest rates combined with higher cost of living,
increases the need for personal advice. At Sparebanken Møre we are locally
present for our customers. We have more than 150 advisers available to provide
assistance to customers experiencing difficult financial situations. I ensure
that you as a customer will meet an adviser competent and well trained to find
good solutions, says Elisabeth Blomvik, EVP Retail Banking Division.

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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