UNION bank survey Q3 2021
We have once again interviewed the largest banks in Norway. Read the summary here, or contact Robert Nystad, our head of research, for more information.
While the bank margin remained unchanged in our previous survey, we are now seeing signs that it is creeping slightly downwards. In the standard case, the margin has now dipped to 209 basis points (bps) – a five-bps reduction since Q2.
The five-year swap rate has risen by nine bps to 1.55 per cent. Overall financing costs for new five-year loans, with interest-rate hedging throughout, is thereby 3.64 per cent.