SpareBank 1 Nord-Norge cuts loan, deposit rates by up to 0.25 percentage points

SpareBank 1 Nord-Norge announced a reduction in interest rates for both home loans and deposits by up to 0.25 percentage points. This move comes as a direct response to Norges Bank's decision to lower its key policy rate by the same margin during its interest rate meeting on September 18, 2025. The bank emphasized its commitment to offering competitive conditions to both new and existing customers.

Bjørn Bardal, acting executive vice president for personal market at SpareBank 1 Nord-Norge, affirmed the bank's strategy to align with market changes. The new conditions are scheduled to take effect on November 24, 2025, applying to all existing loans and deposits.