Sparebanken Møre

Interest Rate Update/Notice • May 9, 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 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 21 June 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.

- An increased numbers of customers are contacting the bank to evaluate their private finances. We are well prepared to advise our customers to find good solutions and make long-term planning. Personal support from advisors knowing your situation is important in times like this. I ensure our customers will be assisted by qualified advisors, 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.