Long-term ambitions
Morrow Bank is the Nordic consumer finance specialist, a fully digital bank established in 2014 and with a scalable banking platform positioning the bank for significant value creation. We have a diversified Nordic loan portfolio across Sweden, Finland and Norway, offering flexible consumer loans, no-fees credit cards and guaranteed savings accounts in a SEK ~550 million resilient market.
When allocating excess capital, the bank has three main options (or a combination thereof): 1. Increase organic growth 2. Execute accretive loan portfolio acquisitions/M&A 3. Return capital to shareholders
Morrow Bank is committed to continuously allocate capital where it can generate the highest long-term shareholder return.
Our ambitions for end-2028:
- >10% annual loan growth - Targeting a loan book of SEK ~22.3bn
- Increased efficiency - Cost/income ratio of ~22%
- Reduced loan losses - Loan loss ratio of ~4%
- Higher returns - Return on target equity (ROTE) of ~20%
When allocating excess capital, the bank has three main options (or a combination thereof): 1. Increase organic growth 2. Execute accretive loan portfolio acquisitions/M&A 3. Return capital to shareholders
Morrow Bank is committed to continuously allocate capital where it can generate the highest long-term shareholder return.