Komplett Bank ASA ( (DE:KBN) ) has provided an announcement.
Morrow Bank reported a strong Q1 2025 with a 43% increase in profit before tax, reaching NOK 83.1 million. The bank’s strategic progress includes obtaining a Swedish banking license, planning a redomiciliation and listing on Nasdaq Stockholm, and raising its mid-term ROTE target. The bank aims for further growth with new product launches and improved credit metrics, positioning itself for higher returns.
More about Komplett Bank ASA
Morrow Bank is a Nordic niche bank that provides personal loans, credit cards, and deposit accounts to consumers. The bank targets creditworthy individuals with stable personal finances and no payment remarks, managing credit risk through automated processes. Morrow Bank emphasizes operational efficiency and low costs, supported by centralized operations and a digital setup.
Average Trading Volume: 543,571
Current Market Cap: NOK2.63B
For a thorough assessment of KBN stock, go to TipRanks’ Stock Analysis page.