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Komplett Bank ASA ( (DE:KBN) ) has provided an update.
Morrow Bank has entered into an agreement with Silver Point Capital to sell a portion of its non-performing unsecured loans in Finland, valued at approximately EUR 72 million. This transaction aims to reduce the bank’s non-performing loan exposure risk and improve its capital ratios without affecting profitability, with the deal expected to close by the end of the third quarter of 2025.
More about Komplett Bank ASA
Morrow Bank is a Nordic niche bank that provides personal loans, credit cards, and deposit accounts to consumers, focusing on creditworthy individuals with stable finances. The bank emphasizes operational efficiency through centralized operations and digital systems, managing credit risk with automated processes.
Average Trading Volume: 440,307
Current Market Cap: NOK3.17B
See more data about KBN stock on TipRanks’ Stock Analysis page.