Morrow Bank AB: Morrow Bank begins trading on Nasdaq Stockholm

09 Jan 2026 07:00 CET

Morrow Bank AB, a Nordic consumer finance bank, announces that its shares will
be listed on Nasdaq Stockholm today under the ticker "MORROW".

"The listing reflects the transformation we have executed over the past three
years. We have built a scalable platform delivering efficiency, solid credit
performance and earnings growth versus our Nordic consumer finance peers.
Redomiciling to Sweden reduces capital requirements and levels the playing
field," said Øyvind Oanes, CEO of Morrow Bank.

The Bank has a gross loan balance of more than SEK 15.5 billion and has
delivered strong earnings growth, supported by a highly automated operating
model and disciplined risk management. The move to Sweden materially improves
capital efficiency and supports future growth and returns.

"Looking ahead, we target around 10% annualised organic loan growth and a
return on target equity of approximately 20% by the end of 2028, up from 13%
in Q3 2025. With increasing excess capital following the move to Sweden, we
are positioned to pursue selective, accretive acquisitions, further
strengthening growth and returns," added Oanes.

Investment highlights:

* Pure-play Nordic consumer finance
* Scalable and cost-efficient platform
* Turnaround completed
* Attractive growth and return profile
* M&A optionality and capital allocation flexibility

Company presentation and webcast
An updated company presentation is attached to this release and published on
Morrow's website, https://ir.morrowbank.com/.

A webcast will be available from 08.15 CET today, see
https://youtu.be/_hni4PgNeuc
(https://eur01.safelinks.protection.outlook.com/?url=https%3A%2F%2Fyoutu.be%2F_h
ni4PgNeuc&data=05|02||704a0ff0bc8b46131bc108de4ec649e0|633b436977b3495ba4b4eca84
84ef39f|0|0|639034810731030179|Unknown|TWFpbGZsb3d8eyJFbXB0eU1hcGkiOnRydWUsIlYiO
iIwLjAuMDAwMCIsIlAiOiJXaW4zMiIsIkFOIjoiTWFpbCIsIldUIjoyfQ%3D%3D|0|||&sdata=F4yIW
gFuEnxQe3zVSKWUuGYvPZ0T832BSZDyc8U8PUM%3D&reserved=0)

The listing ceremony will start at 08.45 CET today, see
https://nasdaq.events.inderes.com/morrow-bank-2026

Prospectus
Morrow has prepared a prospectus in connection with the admission to trading
of the Company's shares on Nasdaq Stockholm. The prospectus is approved and
registered by the Swedish Financial Supervisory Authority and was published on
https://ir.morrowbank.com/ and https://newsweb.oslobors.no/, on 5 January
2026.

Advisers
Advokatfirman Vinge and Wiersholm act as legal advisers on Swedish and
Norwegian legal matters, respectively. Capient is capital markets and IR
adviser to the company.

For further information regarding the Relisting, please go to Morrow Bank's
website: https://ir.morrowbank.com/merger-information

Contacts
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, flexible credit products, credit cards and
high-yield deposit accounts, supported by a modern and scalable banking
platform.

More information:
Access the news on Oslo Bors NewsWeb site

663360_Morrow Bank AB Company Presentation January 2026.pdf
663360_Morrow Bank AB- Morrow Bank begins trading on Nasdaq Stockholm.pdf