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Instabank ASA interim report Q4 2022
08 Feb 2023 07:00 CET
The interim report for Q4 2022 and a presentation are attached to this notice.
Key highlights and developments:
Profit before tax of 29.8 MNOK, after-tax 25.4 MNOK
- Strong growth in Total income, cost to income ratio decreased to 36.8 % from
44.1 % in Q3-22
Growth in net loans of 191 MNOK
- Increased growth in Finland, net lending up 129 MNOK in the quarter
Mortgages volume growth of 116 MNOK
- Mortgages represent 38 % of total net loans and 58 % 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
581581_Instabank_Q4-2022_Presentation.pdf
581581_Instabank_Interim_Report_Q4_22.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, Instabank ASA 22/PERP ADJ C HYBRID, Instabank ASA 22/33 ADJ C SUB
ISIN
NO0010819238, NO0010819246, NO0010871577, NO0010874522, NO0010762792, NO0012761602, NO0012761628
Symbol
INSTA
Market
Nordic Alternative Bond Market Euronext Growth