SpareBank 1 SMN

Interest Rate Update/Notice • Aug 21, 2023

SpareBank 1 SMN to raise interest rates

SpareBank 1 SMN to raise interest rates

“On the basis of Norges Banks's decision to raise its base rate by 0.25 percentage points, SpareBank 1 SMN has decided to raise mortgage rates by up to 0.25 percentage points”, says Nelly Maske, executive director at Retail Banking, SpareBank 1 SMN.

Customers affected by the rate change will in the course of the next few days receive information on what it means for their mortgage. For existing borrowers the rate change will become effective on 25th of October 2023, for new loans on 1st of September 2023. Variations in the interest rate change may apply in the case of some customer groups.

Trondheim, 21 August 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, Private Banking, Nelly Maske on +47 901 38 380

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