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Regulatory press release

PARB: Pareto Bank maintains its BBB rating. Outlook upgraded to Positive Outlook

Pareto Bank
Scope Ratings (Scope) has today confirmed Pareto Bank's issuer rating at BBB. At
the same time, they have changed the outlook from Stable to Positive Outlook

Scope states that the Positive Outlook reflects an improved capital position and
liquidity profile, as well as a consistent prioritisation of risk-adjusted
returns.

Contact person: Treasury, Monica Mælen, phone +47 93494867