Komplett Bank ASA ( (DE:KBN) ) has issued an announcement.
Morrow Bank ASA has received a Swedish banking license for its subsidiary, Morrow Bank AB, from the Swedish Financial Supervisory Authority. The bank plans to merge with its Swedish subsidiary, redomiciling to Sweden and aiming for a Nasdaq Stockholm listing. The merger and operational plans are subject to shareholder and regulatory approvals, with an expected operational start in Sweden by January 2026.
More about Komplett Bank ASA
Morrow Bank is a Nordic niche bank that provides personal loans, credit cards, and deposit accounts to consumers. It targets creditworthy individuals with stable personal finances and no payment remarks, using automated processes for credit assessment and underwriting. The bank’s operations are centralized, leveraging modern systems and a digital setup to maintain operational efficiency and low costs.
YTD Price Performance: 12.73%
Average Trading Volume: 920
Technical Sentiment Signal: Sell
Current Market Cap: €204.1M
See more insights into KBN stock on TipRanks’ Stock Analysis page.