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SpareBank 1 SR-Bank increases the interest rate on loans


March 11, 2013 - London

Regulatory authorities have clearly signalled stricter capital requirements for Norwegian banks. At the same time the authorities have signalled significantly increased risk weighting of retail mortgages, which will affect both existing and new mortgages issued by Norwegian banks.

On this basis, SpareBank 1 SR-Bank has decided to increase its lending rates both to private clients, corporate clients and agricultural customers.

For retail mortgage customers floating rate loans will increase up to 0.30%. The new prices will apply for new mortgages from 12 March and for existing mortgages from the beginning of May.

Stavanger, 11 March 2013

Contact:

Thor-Christian Haugland, EVP Communications, tel. +47 480 31 633
Vidar Torsøe, VP Investor Relations, tel. +47 970 80 656

 

This information is subject of the disclosure requirements acc. to §5-12 vphl (Norwegian Securities Trading Act)



This announcement is distributed by Thomson Reuters on behalf of Thomson Reuters clients.

The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and other applicable laws; and
(ii) they are solely responsible for the content, accuracy and originality of the
information contained therein.

Source: SpareBank 1 SR-Bank ASA via Thomson Reuters ONE

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