Following the two key policy rate hikes fromNorges Bank onSeptember 23 andDecember 16 of 2021,Sbanken has decided to increase interest rates on home loans by up to 0.25 percentage points. «After the rate increases, we will still offer loans with low interest rate, and our new best amortizing mortgage rate is now 1.84 percent, while the best rate for non-amortizing mortgages will be 1.74 percent After Norway's central bank increased the key policy rate in September, several thousand new customers have applied to move their mortgages to us. With service offerings free of charge and continued competitive rates, we believe this trend will continue", says Øyvind Thomassen, CEO ofSbanken . Deposit rates are increased by up to 0.15 percentage points, effective fromMarch 1 .Sbanken's customers will shortly receive notice regarding the changes in mortgage rates. For existing mortgage customers, the reduction comes into effect fromMarch 1 2022 . For new customers, the adjustment will apply fromJanuary 17 2022 . Contact: Investor Relations,Henning Nordgulen , CFO,Sbanken ASA , +47 952 65 990 Media contact,Trine Hvamb ,Sbanken ASA , +47 907 01 117 This information is subject to the disclosure requirements pursuant to Section 5-12 the Norwegian Securities Trading Act
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