SPAREBANK 1 SR-BANK ASA OnThursday, December 14 ,Norges Bank raised the key policy rate to 4.50 percent. The Norwegian central bank increased the rate to combat continued high inflation. Today,SpareBank 1 SR-Bank is raising the interest rates on all savings accounts by 0.25 percentage points. For home mortgages, we are raising the rate by up to 0.15 percentage points. "We see that the expected development in the bank's borrowing costs allows us to hold back somewhat on our home mortgage rates, while we choose to raise the rates on our savings accounts more. We know that many of our personal customers are feeling the increased rates, and we will follow them up closely going forward. We encourage customers who need to make a financial plan to contact the bank" says Roger Lund Antonesen, EVP of Retail Market. The new terms will apply fromDecember 19 for new loans, and fromFebruary 20, 2024 , for existing loans. Customers will receive information in their online banking or a letter in the mail about how the interest rate changes affects them. Stavanger,December 19, 2023 . Contact people: Roger Lund Antonesen, Executive Vice President, Retail Market, phone 976 61 221 Øyvind Knoph Askeland, Director of Communication, phone 922 32 639 This information is disclosed in compliance with section §5-12 of the Securities Trading Act.
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