Morrow Bank ASA

Report Publication Announcement • Feb 25, 2025

Morrow Bank ASA: Company presentation via Investorweb

Morrow Bank ASA: Company presentation via Investorweb

CEO Øyvind Oanes and CFO Eirik Holtedahl will present Morrow Bank at Investorweb on 25 February 2025 at 19:00 CET, followed by a Q&A session.

Link to the presentation: ir.investorweb.no/MOBA

Key highlights from the presentation attached:

Built a highly scalable banking platform

• 31% loan balance growth in 2024, opex reduced

• 65% y-o-y pre-tax profit growth in Q4 2024

Strong value drivers in place for 2025-2026

• Macro improving, loan losses declining

• Increasingly generating excess capital

Attractive shareholder value creation potential

• Currently trading at ~35% discount to Swedish peers

• Redomiciliation could bring ROTE to ~20% from current ~11%

A recording will be made available on the company's investor webpage after the presentation.

For further information, please contact:

Eirik Holtedahl, CFO

tel: +47 96912291

email: ir@morrowbank.com

About Morrow Bank ASA

Morrow Bank is a Nordic niche bank offering personal loans, credit cards and deposit accounts to consumers. The target group is creditworthy individuals with stable personal finances and no payment remarks. Credit risk is managed largely by automated processes for credit assessment and underwriting. The Bank has a diversified and balanced distribution model utilizing both public and proprietary channels. Operational efficiency and low cost are a foundation for Morrow Bank and are enabled by centralized operations, modern systems and digital set-up.

To learn more, visit ir.morrowbank.com