Instabank admitted to trading at Oslo Børs

Instabank has today been admitted to trading on Merkur Market. Banks have flocked to the Oslo Børs marketplaces in recent years to finance their growth plans.

Oslo - 17 August 2020 - “Thanks to our admission to trading at Oslo Børs, everything is now in place for new and existing shareholders to join us in achieving our growth plans. We are now traded on a well-known marketplace, and this will create increased awareness of the bank and raise its profile among investors, business partners, suppliers and customers”, comments Robert Berg, the CEO of Instabank.

Fully digital bank

Instabank is a fully digital bank that offers loan products, savings and insurance to consumers in Norway, Sweden and Finland. The bank also offers payment solutions for businesses.

“We have taken strategic steps in order to become an attractive paytech partner to businesses that want to develop their business model. As a fully digital, cost-efficient bank, we have a strong competitive advantage in this market”, explained Robert Berg at the bank’s quarterly results presentation last Thursday.

An ever-increasing number of banks at Oslo Børs

17 banks have been admitted to listing or trading at Oslo Børs since 2015. These banks have together raised a total of NOK 10.6 billion in new equity in connection with and following their admission to listing or trading. Eleven of the banks that have been admitted to listing or trading are savings banks.

Oslo Børs is also an important source of debt capital for these banks. Their borrowing through debt instruments listed on Oslo Børs marketplaces currently totals NOK 1195 billion.

Banks listed since 2015	Market Place	Year of admission	Market cap (NOK billion)	Equity issued (NOK billion)
Norwegian Finans Holding	Oslo Børs	2016	13.983	0.518
SpareBank 1 Østlandet	Oslo Børs	2017	10.239	3.064
Sbanken	Oslo Børs	2015	7.288	3.964
Pareto Bank	Oslo Børs	2016	2.717	0.600
Sparebanken Telemark	Oslo Børs	2018	1.406	0.542
Komplett Bank	Oslo Børs	2017	1.379	0.929
Instabank*	Merkur Market	2020	0.466	0.000
Grong Sparebank	Merkur Market	2017	0.327	0.045
BRAbank	Merkur Market	2017	0.299	0.434
SpareBank 1 Nordvest	Oslo Børs	2017	0.243	0.120
Romsdal Sparebank	Merkur Market	2020	0.227	0.000
Surnadal Sparebank	Merkur Market	2018	0.217	0.074
Tysnes Sparebank	Merkur Market	2017	0.170	0.080
Sunndal Sparebank	Merkur Market	2018	0.154	0.045
Lillestrøm Sparebank	Merkur Market	2017	0.128	0.105
Nidaros Sparebank	Merkur Market	2019	0.118	0.045
Aasen Sparebank	Merkur Market	2016	0.116	0.065
Total			39.478	10.629

* Close on NOTC 14 August used for market cap.

About Instabank

Instabank ASA is a fully digital bank that offers loan products, savings and insurance to consumers in Norway, Sweden and Finland. 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 bank was founded in 2016 and is operated from Oslo.

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