DNB increases lending rates

Due to the fact that the authorities have signalled stricter regulation of Norwegian banks, including a significant increase in risk weights for home mortgages, DNB has decided to increase its lending rates.

The increase encompasses floating rate loans, parts of the loan portfolio for small and medium-sized companies, and a significant part of DNB Finans’ loan portfolio. Lending rates will be raised by up to 0.30 per cent. The new prices will be effective immediately for new loans and at end-April for existing loans.

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For further information for investors: Head of IR Per Sagbakken (+47 906 61 159).
For further information for media: GEPV Corporate Communications Thomas Midteide (+47 962 32 017)