Morrow Bank AB (the "Bank") today announced it has entered into a definitive agreement with Arktika Capital AB, to sell a part of the Bank's non-performing unsecured loans (NPL) in Sweden, representing a gross book value of approximately SEK 440 million.
The transaction will reduce the Bank's NPL exposure risk, improve capital ratios and is foreseen to affect pre-tax profitability positively. The transaction is subject to approval by the Swedish Financial Supervisory Authority (Finansinspektionen), and is expected to close around the beginning of April 2026.
Contact
Eirik Holtedahl, CFO
Tel: +47 96 91 22 91
Email: ir@morrowbank.com
About Morrow Bank
Morrow Bank is a Nordic consumer finance bank offering digital and flexible financing solutions to creditworthy individuals in Norway, Sweden and Finland. The bank offers consumer loans, credit cards and high-yield deposit accounts, supported by a modern and scalable banking platform.