Selvaag Bolig has good long-term bank relationships and DNB, Handelsbanken, SR-Bank, SMN and Nordea are its primary bank partners. The group also has credit arrangements with other Norwegian banks.
Bank loan | Maturity | Interest margin | Credit limit |
---|---|---|---|
Revolving credit facility from DNB | 2022 | 3.4% | NOK 150 million |
Working capital facility from DNB | 2020 | 2.0% | NOK 150 million |
Land loans from various Nordic credit institutions | 2020 - 2024 | 2.0% - 2.5% | |
Construction loans from various Nordic credit institutions | 2020 - 2022 | 1.75% - 2.6% | |