Sparebanken Møre

Interest Rate Update/Notice • Sep 26, 2023

Sparebanken Møre adjusts interest rates

Sparebanken Møre adjusts interest rates

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

The reason for the adjustment is the increase of the key policy rate from Norges Bank of 0.25 percentage points.

For retail customers the new interest rate will be effective on 27.11.2023 for existing loans and deposits.

Customers will be notified on the impact of the interest rate change by online bank/mobile bank or by regular post.

- We acknowledge that many people are concerned about their private economy, and contact the bank to get advice. We experience that customers taking action early avoid that challenges are growing larger than necessary, and hence we have strengthened our advisory team. Our advisors are in dialogue with customers about financial challenges every day, and we want the threshold for contacting us to be low, 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.