Instabank ASA sells non-performing loans in Norway

11 Jun 2024 13:47 CEST

Instabank has entered into an agreement to sell a significant part of the bank’s
non-performing unsecured loans (NPL) in Norway, representing a gross booked
value of approximately 167 MNOK. As a result of the transaction, Instabank’s
total NPL ratio will drop from 11.8 % to 9.6 % based on the situation at the end
of Q1-2024. The transaction includes the oldest part of Instabank’s
non-performing loans in Norway, and after the transaction, the remaining NPL
portfolio in Norway will be less than one year old.

The transaction improves capital ratios, significantly reduces NPL exposure, and
confirms the valuation of impaired loans, as it is operating profit positive.

The transaction will be closed before the end of Q2-2024.

For further information, please contact:
Robert Berg, CEO rb@instabank.no, +47 974 85 610

This information is subject to the disclosure requirements pursuant to section
5-12 of the Norwegian Securities Trading Act.

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