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DNB - DNB ASA News Story

NOK182.7 3.3  1.9%

Last Trade - 14/05/21

Sector
Financials
Size
Large Cap
Market Cap £24.25bn
Enterprise Value £55.92bn
Revenue £4.98bn
Position in Universe 29th / 1828

BRIEF-Norway's DNB cuts mortgage rate by up to 0.5 percentage point

Sun 22nd March, 2020 4:04pm
March 22 (Reuters) - Dnb ASA  DNB.OL :
    * DNB HAS TODAY DECIDED TO REDUCE INTEREST RATES ON HOME
MORTGAGES
BY UP TO 0.50 PERCENTAGE POINT
    * THIS IS SECOND TIME IN UNDER TWO WEEKS THAT BANK HAS
LOWERED ITS
HOME MORTGAGE RATE
    * DUE TO EXTRAORDINARY SITUATION MARKET IS CHANGING VERY
QUICKLY,
WHICH MAKES PRICE OF MONEY FOR BANKS UNPREDICTABLE
    * THIS MAKES IT VERY DIFFICULT TO SET LONG-TERM MORTGAGE
RATES AT
MOMENT
    * INTENDS TO BE A SAFE AND PREDICTABLE PARTNER FOR OUR
CUSTOMERS,
THROUGH THIS CRISIS AND FOR MANY YEARS TO COME
    * WILL CONTINUE TO BE HERE FOR CUSTOMERS ACROSS COUNTRY, AND
HELP
FIND SOLUTIONS FOR THOSE WHO FIND THEMSELVES IN A DIFFICULT
SITUATION
    * HUGE NUMBER OF NORWEGIANS ARE NOW APPLYING FOR
INTEREST-ONLY
PERIODS, AND WE WANT TO HELP THEM AS QUICKLY POSSIBLE
    * INTEREST RATE CHANGE FOR EXISTING HOME MORTGAGES COMES
INTO
EFFECT FROM 2 MAY

Source text for Eikon:  urn:newsml:reuters.com:*:nWkr5YX6st
Further company coverage:  DNB.OL 

 (Reporting By Terje Solsvik)
 ((terje.solsvik@thomsonreuters.com;))
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