SpareBank 1 SMN lowers mortgage and deposit rates by up to 0.25 percentage points

SpareBank 1 SMN announced a reduction in both mortgage and deposit rates by up to 0.25 percentage points, effective for both new and existing customers. Monica Haftorn Iversen, executive director of retail banking, emphasized the positive impact on personal finances, encouraging customers to prioritize debt repayment and consistent saving to build financial buffers.

The new rates will be effective for new loans starting September 22, 2025, while existing borrowers will see the changes implemented on November 24, 2025. Customers will receive individualized information detailing the specific implications for their mortgages and deposits.

The announcement from Trondheim on September 18, 2025, is disclosable under the Norwegian Securities Trading Act. Investors and analysts can direct inquiries to cfo Trond Sørås. Media representatives can contact Monica Haftorn Iversen or Rolf Jarle Brøske for further information.