DNB to raise mortgage prices / News in brief / The Foreigner

DNB to raise mortgage prices. Norway’s DNB is to increase interest rates by 0.3 percentage points and it looks like more banks could follow their example, it announced in a stock exchange notice. Friday. The Norwegian banking major’s Trond Bentestuen said mortgage rates would continue to increase in light of stricter bank capital requirements from both the Norwegian authorities and the EU. “We’ve continued downsizing, cut and continue to axe the dividend on our profits. We also have to put up mortgage rates to achieve these new, stricter requirements,” he told VG.

norwaymortgages, norwaypropertyprices



The Foreigner Logo

The Foreigner is an online publication for English speakers living or who have an interest in Norway. Whether it’s a glimpse of news or entertainment you’re after, there’s no need to leave your linguistic armchair. You don’t need to cry over the demise of the English pages of Aftenposten.no, The Foreigner is here!

Norske nyheter på engelsk fra Norge. The Foreigner er en engelskspråklig internett avis for de som bor eller som er interessert i Norge.

Google+ Twitter Facebook RSS RSS

09:23:20 — Friday, 24th October, 2014

News in brief Article

LATEST:

DNB to raise mortgage prices

Published on Friday, 8th March, 2013 at 15:42 under the news in brief category, by Lyndsey Smith   .
Last Updated on 8th March 2013 at 16:01.

Norway’s DNB is to increase interest rates by 0.3 percentage points and it looks like more banks could follow their example, it announced in a stock exchange notice. Friday.

House on lists
House on lists
Photo: Daft_Lion_Studio/Istockphotos


The Norwegian banking major’s Trond Bentestuen said mortgage rates would continue to increase in light of stricter bank capital requirements from both the Norwegian authorities and the EU.

“We’ve continued downsizing, cut and continue to axe the dividend on our profits. We also have to put up mortgage rates to achieve these new, stricter requirements,” he told VG.

Mr Bentestuen believes that interest rates could soon rise to between 0.5 and 0.8 percent, making a NOK 2 million mortgage NOK 6,000 more expensive than it is at the moment, gross.

Nordea and Handelsbanken currently have no plans to increase their interest rates, but add they do not regard the current rise as unnatural, and will continue to monitor the situation.




Like this article? Show your appreciation.

Published on Friday, 8th March, 2013 at 15:42 under the news in brief category, by Lyndsey Smith   .
Last updated on 8th March 2013 at 16:01.

This post has the following tags: norwaymortgages, norwaypropertyprices.


Leave a Comment

Please refrain from link dropping, keywords, offensive words or spamming. Comments are moderated, we reserve the right not to publish your comment.

blog comments powered by Disqus

Using a mobile to view this page? Click here to view our mobile optimised version.

Support the ForeignerMoney

If you enjoyed this article, please consider supporting the Foreigner by donating using Pay Pal or credit/debit card.

Donate icon



  
Do NOT follow this link or you will be banned from the site!