Morrow Bank ASA (OSL:MOBA)

kr 9.2 0.34 (3.84%) Market Cap: 2.12 Bil Enterprise Value: 2.52 Bil PE Ratio: 13.14 PB Ratio: 0.88 GF Score: 56/100

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Komplett Bank ASA Loan Transactions And Q3 2021 Trading Update Call Transcript

Oct 21, 2021 / 09:00AM GMT

Release Date Price: kr7.57 (-14.27%)

Transcript

Operator

Ladies and gentlemen, welcome to the Komplett Bank Loan Production and Q3 Trading Update. (Operator Instructions)

I am you pleased to present Mr. Oyvind Oanes, CEO. Sir, please go ahead.

Oyvind Oanes

Komplett Bank ASA - CEO

Thank you very much, and good morning, everyone, and welcome to the short update session related to the press announcement that we issued late last evening. My name is Oyvind, and I'm the CEO of Komplett Bank. And with me on this call is also Henning Fagerbakke, the bank's CFO. So we will start this session with a short introduction to the topic and then go on to answering any questions you might have. And as you would have seen from the press announcement, you can submit your questions online.

So the bank started a process of evaluating selling its nonperforming loan portfolio in late summer and obtained indicative offers for spot sales across all markets and for forward flow agreements in Sweden and in Finland. Forward flow agreements are already in place in Norway, as you might know.

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