Komplett Bank ASA (DE:KBN) has released an update.
Morrow Bank ASA posted a strong financial performance in the second quarter of 2024, with a 16% increase in profit before tax to NOK 67 million and robust growth in key markets. The bank’s strategic acquisitions and efficient operations have led to surpassing its 2024 targets and positioning it well on the path to meet its 2025 goals, including an annualized loan growth of roughly 10% and a return on target equity of 10-12%. CEO Øyvind Oanes credits streamlined operations and a favorable Nordic economic outlook for the bank’s continued success and improving profitability.
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