INSTA: Instabank ASA interim report Q4 2022

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.