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DNB BANK ASA

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DNB adjusts interest rates on home mortgages

12/17/2021 | 05:31am EDT

Yesterday, the Norwegian central bank, Norges Bank, raised the key policy rate by 0.25 percentage points, and today, DNB has decided to increase the interest rates on home mortgages by up to 0.25 percentage points.

"On the basis of Norges Bank's decision to raise the key policy rate, DNB has decided to adjust the interest rate on home mortgages by up to 0.25 percentage points," says Ingjerd Blekeli Spiten, head of Personal Banking in DNB.

All customers whose interest rates are adjusted will be given information in the internet bank or receive a letter by post, explaining how their home mortgage will be affected. The new interest rates will be effective from 18 December for new customers, and from 28 January 2022 for existing customers.  

For further information: 
Rune Helland, Head of Investor Relations, tel.: (+47) 23 26 84 00 / (+47) 97 71 32 50

Vibeke Hansen Lewin, Executive Vice President Communications tel.: (+47) 99 01 33 49

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

https://news.cision.com/dnb-bank-asa/r/dnb-adjusts-interest-rates-on-home-mortgages,c3474414

(c) 2021 Cision. All rights reserved., source Press Releases - English

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Sales 2022 62 410 M 6 383 M 6 383 M
Net income 2022 26 937 M 2 755 M 2 755 M
Net Debt 2022 - - -
P/E ratio 2022 10,6x
Yield 2022 5,56%
Capitalization 287 B 29 356 M 29 356 M
Capi. / Sales 2022 4,60x
Capi. / Sales 2023 4,32x
Nbr of Employees 9 410
Free-Float 56,9%
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Number of Analysts 19
Last Close Price 185,15 NOK
Average target price 212,78 NOK
Spread / Average Target 14,9%
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Kjerstin Elisabeth Braathen Group Chief Executive Officer
Ida Lerner Chief Financial Officer
Olaug Johanne Svarva Chairman
Maria Ervik Lovold Group Executive VP-Technology & Services
Mirella E. Grant Group Executive Vice President-Compliance
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