Instabank

Regulatory Filings • Sep 25, 2024

Instabank ASA sells non-performing loans in Finland

Instabank ASA sells non-performing loans in Finland

Instabank has entered into an agreement to sell a significant part of the bank’s non-performing unsecured loans (NPL) in Finland, representing a gross booked value of approximately 26 million euros. As a result of the transaction, Instabank’s total NPL ratio will decrease from 10.4 % to 5.9 % based on the situation at the end of Q2-2024. The transaction includes the oldest portion of Instabank’s non-performing loans in Finland, and after the transaction, the remaining NPL portfolio in Finland will be less than six months old.

The transaction will improve capital ratios, substantially reduce NPL exposure, and confirm the valuation of impaired loans, as it is operating profit positive.

The transaction will be closed before the end of Q3-2024.

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.