The latest update is out from Komplett Bank ASA ( (DE:KBN) ).
Morrow Bank ASA has agreed to sell a portfolio of Finnish non-performing credit card loans to Kredinor, a leading debt collection agency. This transaction, valued at approximately EUR 9 million, aims to reduce the bank’s non-performing loan exposures and improve its capital ratios without affecting its profit, indicating a positive impact on its financial health.
More about Komplett Bank ASA
Morrow Bank is a Nordic niche bank that provides personal loans, credit cards, and deposit accounts to consumers, focusing on creditworthy individuals with stable finances. The bank emphasizes operational efficiency and low costs through centralized operations and digital systems.
YTD Price Performance: 10.81%
Average Trading Volume: 1,032
Technical Sentiment Signal: Sell
Current Market Cap: €192.9M
For an in-depth examination of KBN stock, go to TipRanks’ Stock Analysis page.