10 Nov 2025
Morrow Bank has entered into an agreement to acquire a Swedish consumer loan portfolio from Moank valued at approximately SEK ~640 million, in line with its strategy to capitalise on structural growth opportunities in the Nordics and deliver increased value creation over time.Agreement to acquire Swedish consumer loan portfolio
Due to a high level of automation and self-service across the Bank's processes, the increase in loan volume will not impact operating costs. The transaction will contribute positively to profitability, underscoring the scalability of Morrow Bank's platform."Our cost efficiency and scalable operations enable us to pursue inorganic growth opportunities that strengthen returns. The two previous acquisitions of Swedish loan portfolios in 2024 demonstrate this approach and with this transaction, we have acquired loan portfolios valued at close to SEK 3 billion over the last 15 months. We will continue to seek relevant structural opportunities to leverage our platform and accelerate value creation beyond organic growth," said CEO Øyvind Oanes.Following completion of the acquisition, Morrow Bank's Swedish gross loan book will amount to approximately NOK 6 billion, representing around 35% of the Bank's total loan volume.
Morrow Bank has been granted a banking license from the Swedish FSA and will become a Swedish bank from 2026 and onwards, ensuring a level playing field with Nordic peers. The Bank is also transferring its listing from Euronext Oslo Børs to Nasdaq Stockholm on 9 January 2026.
Morrow Bank has been granted a banking license from the Swedish FSA and will become a Swedish bank from 2026 and onwards, ensuring a level playing field with Nordic peers. The Bank is also transferring its listing from Euronext Oslo Børs to Nasdaq Stockholm on 9 January 2026.