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Komplett Bank ASA ( (DE:KBN) ) has issued an announcement.
Morrow Bank reported a strong Q2 2025, with a 35% increase in profit before tax, reaching NOK 91.1 million. The bank is set to redomicile and transfer its listing to Nasdaq Stockholm by early 2026, following the acquisition of a Swedish banking license. This strategic move is expected to align its regulatory home with its customer base, enhancing long-term value. The bank’s gross loans increased by 28% year-on-year, and it launched a promising refinancing product in Norway. Morrow Bank aims for organic loan growth and improved returns, positioning itself for sustained value creation with a target of NOK 18 billion in gross loans by the end of 2026.
More about Komplett Bank ASA
Morrow Bank is a Nordic niche bank offering personal loans, credit cards, and deposit accounts to consumers. It targets creditworthy individuals with stable personal finances and no payment remarks, managing credit risk through automated processes. The bank operates with a diversified distribution model and emphasizes operational efficiency and low costs through centralized operations and modern digital systems.
Average Trading Volume: 392,415
Current Market Cap: NOK2.98B
See more data about KBN stock on TipRanks’ Stock Analysis page.