DNB Bank ASA

DNB raises interest rates on home mortgages

"Following Norges Bank's decision to increase the key policy rate by 0.25

percentage points at the monetary policy meeting on 15 December, DNB has decided

to increase the interest rate on home mortgages and deposits by up to 0.25

percentage points," says Ingjerd Blekeli Spiten, Group EVP for the personal

customer market in DNB.

DNB wants to help young people enter the housing market, and the bank offers

young people who buy their first home our best floating rate of 3.89 per cent.

Furthermore, we have strengthened our advisory services targeted at this

customer group.

All customers whose interest rates are adjusted will be given information in the

online bank or receive a letter by regular mail, explaining how this affects

them. The new interest rates will apply to new mortgages and deposits from 20

December, and to existing home mortgages and deposits from 30 January 2023.

For more information, please contact:

Rune Helland, head of Investor Relations: (+47) 23 26 84 00 / (+47) 97 71 32 50

Vibeke Hansen Lewin, EVP Communications: (+47) 99 01 33 49

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