SpareBank 1 SMN to raise interest rates

25 Sep 2023 19:09 CEST

In light of Norges Bank’s decision to raise the base rate by 0.25 percentage
points, SpareBank 1 SMN has decided to raise its mortgage rates by up to 0.25
percentage points.

Customers affected by the rate change will in the course of the next few days
receive information on what it means for their mortgage. For existing borrowers
the rate change will become effective on 28th of November 2023, for new loans on
4th of October 2023. Variations in the interest rate change may apply in the
case of some customer groups.

Trondheim, 25th of September 2023

Investors and analysts can contact:
CFO Trond Søraas on +47 922 36 803

The media can contact:
Executive director Rolf Jarle Brøske on +47 911 12 475
Executive director, Retail Banking, Nelly Maske on +47 901 38 380

The above information is disclosable pursuant to the Norwegian Securities
Trading Act, section 5-12

More information:
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