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



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21:03:02 — Friday, 24th May, 2013

News in brief Article

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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.



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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.

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