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Instabank ASA interim report Q3 2022
03 Nov 2022 07:00 CET
The interim report for Q3 2022 and a presentation are attached to this notice.
Key highlights and developments:
Profit before tax of 24.6 MNOK, after-tax 18.4 MNOK
- Impacted by loss on securities of 4.5 MNOK and legal advisory cost of 1 MNOK
Growth in net loans of 93 MNOK
- Adjusted for NPL portfolio sales growth was 159 MNOK
Mortgages volume growth of 195 MNOK
- Mortgages represent 37 % of total net loans and 55 % of net loans in Norway
Rate hikes temporarily put pressure on the net interest margin
- Six-week notice period on loan interest rates increases
Contact persons:
Robert Berg, CEO, robert.berg@instabank.no
Per Kristian Haug, CFO, perkristian.haug@instabank.no
This information is subject to the disclosure requirements pursuant to Section
5-12 the Norwegian Securities Trading Act.
More information:
Access the news on Oslo Bors NewsWeb site
574588_Instabank_Interim_Report_Q3-2022.pdf
574588_Instabank_Q3-2022_Presentation.pdf
Source
Instabank ASA
Provider
Oslo Børs Newspoint
Company Name
Instabank ASA 18/PERP FRN C HYBRID, Instabank ASA 18/28 FRN C SUB, Instabank ASA 19/PERP FRN C Hybrid, Instabank ASA 20/30 FRN C SUB, INSTABANK
ISIN
NO0010819238, NO0010819246, NO0010871577, NO0010874522, NO0010762792
Symbol
INSTA
Market
Nordic Alternative Bond Market Euronext Growth