Morrow Bank AB: Swedish Competition Authority clears acquisition of MedMera Bank AB

20 Apr 2026 16:35 CEST

Morrow Bank AB (publ) ("Morrow Bank") refers to the stock exchange release
published on 23 March 2026 regarding the agreement with Kooperativa Förbundet
to acquire 100 per cent of the shares in MedMera Bank AB ("MedMera Bank"). The
Swedish Competition Authority (Konkurrensverket) has now decided to leave the
acquisition of sole control over MedMera Bank by Morrow Bank without
intervention. The authority concludes that the transaction is not likely to
significantly impede effective competition in Sweden, in accordance with
Chapter 4, Section 11 of the Swedish Competition Act (2008:579).

Morrow Bank notified the transaction to the Swedish Competition Authority on
31 March 2026 pursuant to Chapter 4, Section 6 of the Swedish Competition Act.
With this decision, competition clearance in Sweden has been obtained. The
decision is final and cannot be appealed, and will be published on the
authority's website.

The transaction remains subject to remaining regulatory approvals and
shareholder approval, as previously communicated. Morrow Bank continues to
expect completion of the transaction during the third quarter of 2026,
provided that all remaining conditions are satisfied. The acquisition of
MedMera Bank is fully aligned with Morrow Bank's strategy to build a leading
Nordic consumer finance platform through disciplined consolidation and
profitable growth. The combined group is expected to benefit from increased
scale, improved earnings capacity and a strengthened market position across
the Nordic region.

Contact
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, 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

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