Sbanken ASA: Interes rate adjustment

Bergen 26 September 2019: Sbanken increases the interest rate for deposits and home mortgages.

Sbanken increases the home mortgage rates by up to 0.25 percentage points and increases the deposit rates. Following the adjustment, the lowest effective mortage rate in Sbanken will be 2.75 per cent.

“Based on the increase in Norges Bank’s key policy rate and the increase in market financing rates we have decided to increase the home mortgage rate by up to 0.25 percentage points”, says Øyvind Thomassen, CEO in Sbanken.

“With us you will always have the best rate we can offer, without negotiating. You are entitled to our best rate if your loan is below 50% of the property value”, says Thomassen.

The deposit rate for new commercial banking segment will also be increased.

The adjustment will take effect for existing loan customers from Friday 8 November 2019. For new loan customers, the adjustment will take effect from 27 September 2019.

Contact details, Investor Relations:

Henning Nordgulen, CFO,

This information is subject to the disclosure requirements pursuant to Section 5-12 the Norwegian Securities Trading Act