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Instabank ASA | …

11 August 2022

INSTA: Instabank interim report Q2 2022

The interim report for Q2 2022 and a presentation are attached to this notice. 

Key highlights and developments:

Record-high net loans growth of 398 MNOK
- Adjusted for positive currency effects, growth was 307 MNOK

Record-high mortgages volume growth of 290 MNOK
- Mortgages now represent 33 % of total net loans and ss 51 % of net loans in
Norway

Profit before tax of 23.7 MNOK, after tax 17.8 MNOK
- Impacted by high marketing cost

Lunar has difficulty raising the necessary capital to complete the transaction

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.

About Instabank

Founded in Oslo in 2016, Instabank ASA is a Nordic digital bank focused on delivering simple, efficient, and accessible financial services. Since its inception, the Bank has combined modern technology with prudent banking principles to create a scalable business built around simplicity, transparency, and customer value.