Following Danske Bank’s exit from the retail market, Handelsbanken will take over the offering to the association’s 213,000 members from today.
GET TOGETHER: Einar Espolin Johnson, CEO of Akademikerne Pluss, and country manager Arild Andersen at Handelsbanken Norge. Photo: Hanna Kristin Hjardar / E24 Published: Published:
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105,000 members of Tekna and 108,000 members of the ten unions associated with Akademikerne PlussAkademikerne PlussThe Norwegian Medical Association, The Norwegian Dental Association, The Norwegian Veterinary Association, The Norwegian Psychological Association, The Norwegian Association of Teachers, The Association of Scientists social, The Natural Scientists, the Architects’ Union, the Sociological Economists, the National Association of War School Graduate Officers. a new banking agreement with Handelsbanken is offered today.
In the new deal, members will be offered a mortgage interest rate of 5.49%.
Danske Bank announced its exit from the Norwegian private market in June last year.
Nordea buys the private client business, while Handelsbanken takes over the profitable AkademikerAkademikeren, Norway’s main trade union association for people with a higher education from a university or scientific institute.
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According to civil economist Hallgeir Kvadsheim, the deal was important for Danske Bank’s role as a price pressurer in the Norwegian market.
In the new agreement, which comes into force on January 1, members will get the same lending conditions they had at Danske Bank the day before, Handelsbanken says.
– Members receive what in our opinion is the best offer on the Norwegian market with attractive prices, financial advice and an award-winning service, says country manager Arild Andersen at Handelsbanken Norge in a press release.
These interest rates are published and apply from today
Interest from March 1st in brackets:
• Mortgage: 5.49% (5.70%)
• Mortgage for young people (under 33 years): 5.19% (5.44%)
• 50% mortgage: 5.33% (5.50%)
• Savings account: 4.85%.
• BSU account: 6.75%.
Sea-view
Waiting for an increase in demand
The interest rate increase announced by the Handelsbanken comes into force on March 1st.
At that point, according to Handelsbanken, members will receive a loan rate 0.04-0.08 percentage points lower than they would have had at Danske Bank, with the rate increases announced by Danske Bank.
– We are proud and happy of the trust shown in us by the associations. These are important, long-term agreements for us and we look forward to offering association members a truly positive banking experience and an attractive and profitable offer in the long term, says Andersen.
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Now it’s up to members to decide whether to take advantage of the offer. Handelsbanken says it has “significantly increased capacity” to handle the expected influx.
– With this agreement, members do not have to follow tempting offers, continuously monitor the market, bargain or change banks more than now when they settle. The associations did this work for them, Andersen says.
– New and better
CEO Einar Espolin Johnson of Akademikerne Pluss says in the press release that the deal is positive.
– We have replaced an important deal in the Norwegian banking market for several years with a new and even better one. This deal combines good terms with first-class advice and customer service, Johnson says.
TeknaTekna organizes members who have a master’s degree in technology, science or natural sciences. it is by far the largest union in the academic world with its 105,000 members.
– We are pleased to be able to offer our members a solid, long-term partner that offers them a comprehensive banking offering in one of the best agreements on the market over time, says Line General Secretary Henriette Holten of Tekna in the press release.
Danske Bank has had an agreement with Akademikerne since 2015.
In July it became clear that Nordea would buy Danske Bank’s private client business in Norway and take over around 285,000 clients.
The large Danish bank wanted to sell due to difficulties in achieving satisfactory profitability.
The Norwegian Competition Authority was initially skeptical and highlighted the danger of weakening competition in the Norwegian banking market. Particular emphasis was placed on the mortgage market.
However, the acquisition was approved by the supervisory authority in mid-December, which concluded that it would not impede effective competition.
VG is the majority owner of E24. Hallgeir Kvadsheim is affiliated Max Social, which is wholly owned by VGTV AS.
2024-01-01 11:00:03
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