Report Publication Announcement • Nov 3, 2022
Report Publication Announcement
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Instabank ASA interim report Q3 2022
The interim report for Q3 2022 and a presentation are attached to this notice.
Key highlights and developments:
Profit before tax of 24.6 MNOK, after-tax 18.4 MNOK
- Impacted by loss on securities of 4.5 MNOK and legal advisory cost of 1 MNOK
Growth in net loans of 93 MNOK
- Adjusted for NPL portfolio sales growth was 159 MNOK
Mortgages volume growth of 195 MNOK
- Mortgages represent 37 % of total net loans and 55 % of net loans in Norway
Rate hikes temporarily put pressure on the net interest margin
- Six-week notice period on loan interest rates increases
Contact persons:
Robert Berg, CEO, [email protected]
Per Kristian Haug, CFO, [email protected]
This information is subject to the disclosure requirements pursuant to Section 5-12 the Norwegian Securities Trading Act.
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