Komplett Bank ASA (DE:KBN) has released an update.
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Morrow Bank has strategically acquired a SEK ~700 million loan portfolio from Qliro AB, expecting to bolster its loan balance and leverage its scalable platform without raising costs. The deal, set to conclude by August 2024, will be cash-settled, tapping into the bank’s liquidity and capital reserves, and is anticipated to have a neutral effect on 2024 results but positive from 2025. This acquisition aligns with Morrow Bank’s aim for a 10% annual organic loan balance growth by the end of 2025.
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