SpareBank 1 SMN

Interest Rate Update/Notice • Dec 20, 2023

SpareBank 1 SMN to raise interest rates

SpareBank 1 SMN to raise interest rates

In light of Norges Bank’s decision to raise the base rate by 0.25 percentage points, SpareBank 1 SMN has decided to raise its mortgage rates by up to 0.25 percentage points.

Customers affected by the rate change will in the course of a few days receive information on what it means for their mortgage. For existing borrowers the rate change will become effective on 9th of March 2024, for new loans on 9th of March 2024. Variations in the interest rate change may apply in the case of some customer groups.

For deposits, the interest rates on all ordinary savings accounts will be increased by 0.25 percentage points. The rate change will become effective on 9th of March 2024.

Trondheim, 20th of December 2023

Investors and analysts can contact:

CFO Trond Søraas on +47 922 36 803

The media can contact:

Executive director Rolf Jarle Brøske on +47 911 12 475

Executive director, Retail Banking, Nelly Maske on +47 901 38 380

The above information is disclosable pursuant to the Norwegian Securities Trading Act, section 5-12