DNB cuts mortgage interest rates

19 Jun 2025 10:16 CEST

Based on Norges Bank's decision at the monetary policy meeting on June 19th 2025
to lower the key policy rate by 0.25 percentage point, DNB has decided to cut
the interest rate on all mortgages by up to 0.25 percentage point. The interest
rate on deposits will be reduced by up to 0.25 percentage point.

"The whole country has been waiting for a cut in the key policy rate, and
today's decision from the Norwegian central bank, Norges Bank, is good news for
everyone with a mortgage. At the same time, it's clear that many people are
still concerned about the unpredictability of the unsettled world, and more are
seeking information and advice now. In our experience, most people have been in
control of their finances and have made good choices since interest rates peaked
in December 2023, but today's cut will naturally be welcomed by many, says Maria
Ervik Løvold, Group Executive Vice President of the personal customer market at
DNB.

Young people and customers buying their first home are given the bank's best
floating mortgage rate of 5.24 per cent.

DNB customers affected by an interest rate change will receive information about
their new interest rate in the online bank or as a letter by post.

The new interest rates will apply from June 20th for new mortgages and deposits,
and from August 25th for existing mortgages and deposits.

For further information:
Rune Helland, Head of Investor Relations, tel.: (+47) 23 26 84 00 / (+47) 97 71
32 50
Liselotte Lunde, Executive Vice President of Communications, tel: (+47) 95 94 92
35

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