Instabank ASA

INSTA

NO0010762792

Banks

Market Closed - Oslo Bors Other stock markets 15:45:00 28/06/2024 BST			5-day change	1st Jan Change
1.77 ^NOK	-1.67%		+0.57%	+1.43%

06-11	Instabank to Sell Non-Performing Loans in Norway to Boost Capital Ratios	MT
06-11	An undisclosed buyer entered into an agreement to acquire Non-Performing Unsecured Loans Portfolio in Norway from Instabank ASA (OB:INSTA).	CI

An undisclosed buyer entered into an agreement to acquire Non-Performing Unsecured Loans Portfolio in Norway from Instabank ASA (OB:INSTA).

June 10, 2024

An undisclosed buyer entered into an agreement to acquire Non-Performing Unsecured Loans Portfolio in Norway from Instabank ASA (OB:INSTA) on June 11, 2024. As a result of the transaction, Instabank?s total NPL ratio will drop from 11.8 % to 9.6 % based on the situation at the end of Q1-2024. The transaction is expected to complete before the end of Q2-2024.

Latest news about Instabank ASA

Instabank to Sell Non-Performing Loans in Norway to Boost Capital Ratios	06-11	MT
An undisclosed buyer entered into an agreement to acquire Non-Performing Unsecured Loans Portfolio in Norway from Instabank ASA (OB:INSTA).	06-10	CI
Instabank ASA Reports Earnings Results for the First Quarter Ended March 31, 2024	04-30	CI
Instabank ASA Reports Earnings Results for the Fourth Quarter Ended December 31, 2023	02-08	CI
Instabank ASA Reports Earnings Results for the Full Year Ended December 31, 2023	02-06	CI
Instabank ASA Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023	10-31	CI
Instabank ASA Reports Earnings Results for the Second Quarter Ended June 30, 2023	10/08/23	CI
Instabank Raises NOK1.6 Million via Subsequent Share Offering	26/06/23	MT
Instabank ASA Reports Earnings Results for the First Quarter Ended March 31, 2023	27/04/23	CI
Instabank ASA announced that it expects to receive NOK 70 million in funding from Kistefos A.S. and others	11/04/23	CI
Instabank ASA Reports Earnings Results for the Full Year Ended December 31, 2022	08/02/23	CI
Instabank ASA Reports Earnings Results for the Fourth Quarter Ended December 31, 2022	08/02/23	CI
Instabank ASA Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2022	03/11/22	CI
Lunar Bank A/S cancelled the acquisition of Instabank ASA (OB:INSTA).	29/09/22	CI
Instabank ASA Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2022	11/08/22	CI
Norway's Instabank Considers Next Action as Takeover Offer by Lunar in Limbo	04/08/22	MT
Instabank Sinks 21% As Lunar Bank Fails to Satisfy Regulatory Demands	29/06/22	MT
Lunar Bank To Submit Updated Application To Secure Regulatory Approval For Instabank Purchase	23/05/22	MT
Instabank ASA Reports Earnings Results for the First Quarter Ended March 31, 2022	06/05/22	CI
Lunar Bank Meets Acceptance Condition of Instabank Purchase	12/04/22	MT
Instabank Gets $149 Million Voluntary Cash Offer From Fintech Group Lunar	28/03/22	MT
Lunar Bank A/S agreed to acquire an unknown minority stake in Instabank ASA (OB:INSTA) for NOK 1.3 billion.	27/03/22	CI
Instabank ASA Reports Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2021	10/02/22	CI
An unknown buyer entered into an agreement to acquire Non-performing loans portfolio of Instabank ASA from Instabank ASA (OB:INSTA).	29/11/21	CI
Instabank ASA Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2021	05/11/21	CI

Chart Instabank ASA

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Company Profile

Instabank ASA is a Norway-based company, which is primarily engaged in the financial services industry. The Company operates as a fully digital bank that offers loan products, savings and insurance to consumers in Norway, Sweden, Finland and Germany. The Company is a small and dynamic organization that provides customers with straightforward, digital and flexible bank solutions. Through Instabank's technology and paytech expertise, the Bank also assists companies that want to innovate their business model in light of the digital transformation. The Company distributes products and services primarily through the bankâs Website and via agents. The Company is primarily owned by Norwegian investors.

Sector

Banks

Calendar

14/08/2024 - Q2 2024 Earnings Release

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Ratings for Instabank ASA

Trading Rating

Investor Rating

ESG Refinitiv

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Analysts' Consensus

Sell

Buy

Mean consensus

OUTPERFORM

Number of Analysts

Last Close Price

1.77 NOK

Average target price

1.9 NOK

Spread / Average Target

+7.34%

Consensus

EPS Revisions

Estimates Revisions

Quarterly earnings - Rate of surprise

Company calendar

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Commercial Banks

Instabank ASA

Equities

INSTA

NO0010762792

Banks

An undisclosed buyer entered into an agreement to acquire Non-Performing Unsecured Loans Portfolio in Norway from Instabank ASA (OB:INSTA).

EPS Revisions