DNB ASA logo

DNB - DNB ASA News Story

NOK179.35 -0.2  -0.1%

Last Trade - 12/05/21

Large Cap
Market Cap £23.98bn
Enterprise Value £55.88bn
Revenue £5.01bn
Position in Universe 31st / 1832

Norway central bank awards $690 mln to banks in 12-month loans

Thu 19th March, 2020 2:02pm
OSLO, March 19 (Reuters) - Norway's central bank allotted
7.95 billion Norwegian crowns  ($690 million) in extraordinary
loans to banks on Thursday under a new programme offering cash
for 12 months amid recent market unrest.
    "The interest rate on F-loans with a maturity of twelve
months is the prevailing policy rate plus 30 basis points,"
Norges Bank said earlier.  urn:newsml:reuters.com:*:nO9N28E00L L8N2BC3E7 
    The bank will also offer F-loans with a maturity of one
week, one month, three months and six months.
    Separately, the U.S. Federal Reserve announced temporary
U.S. dollar swap lines with a wide range of central banks,
including Norges Bank, to ensure the world's dollar-dependent
financial system continues to function.  urn:newsml:reuters.com:*:nL1N2BC0LE
($1 = 11.5196 Norwegian crowns)

 (Reporting by Terje Solsvik, editing by Gwladys Fouche)
 ((terje.solsvik@thomsonreuters.com; +47 918 666 70; Reuters
Messaging: terje.solsvik.thomsonreuters.com@reuters.net))
© Stockopedia 2021, Refinitiv, Share Data Services.
This site cannot substitute for professional investment advice or independent factual verification. To use it, you must accept our Terms of Use, Privacy and Disclaimer policies.