Morrow Bank ASA

Regulatory Filings • Nov 11, 2025

Morrow Bank ASA: Strategy update – Delivering superior earnings growth

Morrow Bank ASA: Strategy update – Delivering superior earnings growth

Morrow Bank today hosts a Strategy update streamed live from 15:00 CET, where CEO Øyvind Oanes and CFO Eirik Holtedahl will present the Bank’s roadmap for delivering on its new long-term ambitions announced in connection with the Q3 2025 results last week.

By end-2028, Morrow Bank has an ambition of more than 10% annual organic loan growth (previous mid-term ambition: 5–10%) and a return on target equity (ROTE) of around 20%, up from 13.1% in Q3 2025.

“Since 2022, we have delivered an industry-leading 55% annualised net earnings growth. With strong customer demand, a scalable banking platform and continued operational improvements, we aim to further expand our market share and grow the loan book from NOK 17 to 24 billion towards end-2028,” said Øyvind Oanes, CEO of Morrow Bank.

The Bank has been granted a banking licence from the Swedish Financial Supervisory Authority and will become a Swedish bank from 2026, ensuring a level playing field with Nordic peers. As part of the redomiciliation process, Morrow Bank will transfer its listing from Euronext Oslo Børs to Nasdaq Stockholm on 9 January 2026.

“As we complete the redomiciliation, capital requirements will be reduced – lifting excess capital to around NOK 1 billion. This provides headroom for accretive acquisitions, representing potential upside to our organic ambitions,” added Oanes.

Webcast

To participate in the live stream 11 November 2025 at 15:00 CET, please click on the link below:

https://www.finwire.tv/webcast/morrow-bank/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 core strengths for Morrow Bank, enabled by centralized operations, modern systems and digital set-up. Learn more at ir.morrowbank.com