2013-03-13 09:48:52 -
The regulatory authorities warn of stricter requirements for capital adequacy
for Norwegian banks. Concurrently the authorities are signaling a powerful
increase of risk weighting of mortgages, with effect both for existing and new
mortgages issued by Norwegian banks.
With this as its starting point SpareBank 1 Nord-Norge will increase its
collected lending rates for retail, business and agricultural customers.
With regards to the bank`s mortgage customers the adjustment of variable
interest loans will lead to an increase of up to 0.30%. The changes will apply
for new mortgages from the 12th( )of March and for existing mortgages from the
end of April.
Tromsø 12th March 2013
For further information contact the following;
Director of Communications Stig-Arne Engen, tel. 913 60 990
CFO Rolf-Eigil Bygdnes, tel. 905 19 774
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Source: SpareBank 1 Nord-Norge via Thomson Reuters ONE