Morrow Bank has entered into an agreement to acquire a Swedish consumer loan
portfolio from Moank valued at approximately SEK ~640 million, in line with its
strategy to capitalise on structural growth opportunities in the Nordics and
deliver increased value creation over time. 

Due to a high level of automation and self-service across the Bank's processes,
the increase in loan volume will not impact operating costs.  The transaction
will contribute positively to profitability, underscoring the scalability of
Morrow Bank's platform.

"Our cost efficiency and scalable operations enable us to pursue inorganic
growth opportunities that strengthen returns. The two previous acquisitions of
Swedish loan portfolios in 2024 demonstrate this approach and with this
transaction, we have acquired loan portfolios valued at close to SEK 3 billion
over the last 15 months. We will continue to seek relevant structural
opportunities to leverage our platform and accelerate value creation beyond
organic growth," said CEO Øyvind Oanes.

Following completion of the acquisition, Morrow Bank's Swedish gross loan book
will amount to approximately NOK 6 billion, representing around 35% of the
Bank's total loan volume.

Morrow Bank has been granted a banking license from the Swedish FSA and will
become a Swedish bank from 2026 and onwards, ensuring a level playing field with
Nordic peers. The Bank is also transferring its listing from Euronext Oslo Børs
to Nasdaq Stockholm on 9 January 2026.



For further information, please contact: 
Eirik Holtedahl, CFO 
tel: +47 96912291 
email: ir@morrowbank.com 

About Morrow Bank ASA 
Morrow Bank is a focused Nordic digital niche bank offering personal loans,
credit cards, deposit accounts and online point-of-sales finance products to
consumers. The target group is creditworthy customers with stable personal
finances and no payment remarks. Credit risk is managed largely by automated
processes for credit assessment and underwriting. The Bank has a diversified and
balanced distribution model utilizing both public and proprietary channels.
Operational efficiency and low cost is a foundation for Morrow Bank and is
enabled by centralized operations, modern systems and digital set-up. To learn
more, visit ir.morrowbank.com