Sparebanken Møre

Interest Rate Update/Notice • Dec 19, 2022

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 change is the increased money market rates and the key policy rate adjustment from Norges Bank.

For retail customers the new interest rates will be effective on 31 January 2023 for existing loans and deposits.

Customers will be notified on how the rate change will affect their loans and deposits in the internet bank/mobile bank or in a letter by regular post.

– On 15 December Norges Bank increased the key interest rate for the sixth time this year. In addition, there is still a high general price increase and for many customers it can be challenging financial times. At Sparebanken Møre, all mortgage customers have a personal authorized advisor with specialist expertise in personal finance. We are well trained to assist our customers with financial advice. To have a personal advisor is highly appreciated by our clients according to customer surveys, says Elisabeth Blomvik, EVP Retail Banking Division in Sparebanken Møre.

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.