INSTA: Robert Leinders-Krog becomes the new Chief Commercial Officer for Instabank ASA
Instabank ASA welcomes Robert Leinders-Krog as the latest addition to the seniormanagement team. Leinders-Krog will fill the newly established role of ChiefCommercial Officer, focusing the operation on further profitable growth andincreased overall profitability by driving international expansion anddeveloping strong and innovative products for both corporate and privateclients. Leinders-Krog has more than 20 years of strategic […]
INSTA: Instabank ASA sells non-performing loans in Norway
Instabank has entered into an agreement to sell a significant part of the bank’snon-performing unsecured loans (NPL) in Norway, representing a gross bookedvalue of approximately 167 MNOK. As a result of the transaction, Instabank’stotal NPL ratio will drop from 11.8 % to 9.6 % based on the situation at the endof Q1-2024. The transaction includes […]
Instabank ASA: Supervisory Review and Evaluation Process (SREP)
The Financial Supervisory Authority of Norway (“the FSA”) has updated theassessment of Supervisory Review and Evaluation Process (“SREP”) for risks andcapital needs for Instabank ASA and decided on the capital requirements forPillar 2 and Pillar 2 guidance. These capital requirements come in addition tothe minimum and combined buffer requirements under Pillar 1. The FSA has […]
INSTA: Instabank reports solid growth in Q1-24
The Nordic challenger bank achieved a growth in gross loans of 321 MNOK and aprofit before tax of 24.2 MNOK in the first quarter of 2024.The bank increased its interest income by 35 % from Q1-23 to 164.9 MNOK, drivenby higher loan volumes and yields. The total income was 116.5 MNOK, up 16 % fromQ1-23.The […]
Instabank ASA – Invitation to Q1 2024 presentation
Instabank ASA will publish the interim report for Q1 2024 on Tuesday, April30th, 2024. The report will be presented at Instabanks’ offices in Drammensveien175 at 10:00 CET. For registration, please email perkristian.haug@instabank.no. The presentation can also be followed via Microsoft Teams. For registration,please email perkristian.haug@instabank.no, indicating online attendance, and alink to the meeting will be […]
INSTA: Minutes from ordinary General Meeting
An ordinary General Meeting of Instabank ASA was held today, April 17th 2024.The minutes of the meeting are attached to this notice.This information is subject to the disclosure requirements pursuant to Section5-12 of the Norwegian Securities Trading Act
Instabank ASA: Notice of Annual General Meeting on April 17th
Please find attached the notice of the meeting. This information is subject to the disclosure requirements pursuant to Section5-12 the Norwegian Securities Trading Act.
Instabank ASA: Mandatory notification of trade by primary insider
Farzad Jalily, Chief Technology Officer of Instabank ASA and employeerepresentative on the board of Instabank ASA, has on February 26th, 2024, bought70,583 shares in Instabank ASA at an average price of NOK 1.72 per share.Following this transaction, Farzad Jalily owns 1,000,000 shares in InstabankASA. See the enclosed form for further information about the transaction.This information […]
INSTA: Instabank ASA reports strong Q4 2023 results
Instabank ASA, the Nordic challenger, has reported strong results for Q4 2023. The bank achieved a profit before tax of 32.8 MNOK, up 10% from Q4-22. The growth in gross loans in the quarter was 345 MNOK, bringing the total grossloans to 6,274 MNOK. Mortgage gross lending increased by 766 MNOK in 2023 to 2,524 […]
Instabank ASA – Invitation to Q4 2023 presentation
Instabank ASA will publish the interim report for Q4 2023 on Thursday, February8th, 2024. A presentation of the report will be held at Instabanks’ offices inDrammensveien 175 at 10:00 CET. For registration, please send an email to perkristian.haug@instabank.no. The presentation can also be followed via Microsoft Teams. For registration,please email perkristian.haug@instabank.no, indicating online attendance and […]