Sparebanken Møre

Interest Rate Update/Notice • Mar 28, 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 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.