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24 Mar 2026

Morrow Bank acquires MedMera Bank

Agreement with Kooperativa Förbundet to acquire 100% of the shares of MedMera Bank AB
Morrow Bank has today entered into an agreement with Kooperativa Förbundet to acquire MedMera Bank, making Morrow a leading Nordic consumer finance platform.

The transaction, which is subject to regulatory and shareholder approvals, positions the bank for accelerated growth and value creation:

☑️ Combined gross loans of SEK ~28.2 billion (SEK ~16.9 billion for Morrow standalone) based on 2025 figures
☑️ Strong strategic fit with Morrow’s pure-play Nordic consumer loan operations, with similar products and customer profile
☑️ Establishes a long-term partnership with one of Sweden’s largest retail brands with over 4 million Coop Sverige members.

This will become Morrow’s fourth acquisition in less than two years, demonstrating a repeatable and disciplined consolidation strategy.

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