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Instabank ASA | …

11 August 2022

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.