Morrow Bank ASA announces sale of non-performing loans in Finland

05 Sep 2025 08:00 CEST

Lysaker, Norway, 4 September 2025 - Morrow Bank(the Bank) today announced it has
entered into a definitive agreement with Silver Point Capital, a leader in
global credit investing, to sell a part of the Bank’s non-performing unsecured
loans (NPL) in Finland, representing a gross book value of approximately EUR 72
million.

The transaction will reduce the Bank’s NPL exposure risk, improve capital ratios
and will not affect profitability. The transaction is expected to close before
the end of Q3 2025.

About Morrow Bank
Morrow Bank is a Nordic niche bank offering personal loans, credit cards and
deposit accounts to consumers. The target group is creditworthy individuals 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 are a foundation for
Morrow Bank and are enabled by centralized operations, modern systems and
digital set-up. To learn more, visit ir.morrowbank.com

About Silver Point Capital
Silver Point Capital is a leading global credit investing firm founded in 2002.
With a dedicated team of over 370 employees, the firm oversees the management of
approximately $40 billion in investable assets across a comprehensive credit
platform that includes public and private investment strategies. For more
information, please visit www.silverpointcapital.com.

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


This information is considered to be inside information pursuant to the EU
Market Abuse Regulation article 7 and is subject to the disclosure requirements
pursuant to section 5-12 of the Norwegian Securities Trading Act. This stock
exchange announcement was published by Henning Fagerbakke, Head of Finance,
Morrow Bank ASA, on 5 September 2025 at 08:00 CEST.

More information:
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