Copyright © Inderes 2011 - present. All rights reserved.
  • Latest
  • Markets
    • Stock Comparison
    • Financial Calendar
    • Dividends Calendar
    • Research
    • Articles
  • inderesTV
  • Forum
  • About Us
    • Our Coverage
    • Team
Regulatory press release

INSTA: Instabank ASA sells portfolio of non-performing loans in Norway

Instabank
Instabank has entered into an agreement to sell a significant part of the bank's
non-performing loans (NPL) in Norway, representing a gross booked value of
approximately 93 MNOK. As a result of the transaction, Instabank's total NPL
ratio will drop from 7.7 % to 5,5 % based on the situation per year-end 2021.
The transaction includes the oldest part of Instabank's non-performing loans.
After the transaction, the remaining NPL portfolio will be less than two years
old and from after the debt register was introduced in Norway.

The transaction improves capital ratios, significantly reduces NPL exposure and
confirms the valuation of impaired loans as the transaction is operating profit
positive.

The transaction is expected to be closed in the 1st quarter of 2022.

For further information, please contact: Robert Berg, CEO rb@instabank.no, +47
974 85 610

This information is subject to the disclosure requirements pursuant to section
5-12 of the Norwegian Securities Trading Act.
Find us on social media
  • Inderes Forum
  • Youtube
  • Facebook
  • X (Twitter)
Get in touch
  • info@hcandersencapital.dk
  • Bredgade 23B, 2. sal
    1260 København K
Inderes
  • About us
  • Our team
  • Careers
  • Inderes as an investment
  • Services for listed companies
Our platform
  • FAQ
  • Terms of service
  • Privacy policy
  • Disclaimer
Inderes’ Disclaimer can be found here. Detailed information about each share actively monitored by Inderes is available on the company-specific pages on Inderes’ website. © Inderes Oyj. All rights reserved.
  • Latest
  • Markets
    • Stock Comparison
    • Financial Calendar
    • Dividends Calendar
    • Research
    • Articles
  • inderesTV
  • Forum
  • About Us
    • Our Coverage
    • Team