Sparebanken Møre

Interest Rate Update/Notice • Sep 26, 2022

Sparebanken Møre adjusts interest rates

Sparebanken Møre adjusts interest rates

Sparebanken Møre increases lending and deposit rates by up to 0.5 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 8 November 2022 for existing loans, and on 28 September 2022 for new loans. For deposits the new rates will be valid from 27 November 2022.

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.

– Increased cost level and the recent adjustments of the interest rates affect the wallet, and we strongly focus on close dialogue with our customers to find good solutions for the individual's finances. Our strength is that we know our customers well, which is of extra high value for both the customers and the bank in times like this, 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.