Bank Norwegian sells a Norwegian portfolio of defaulted credit cards and installment loans


Bank Norwegian sells a Norwegian portfolio of defaulted credit cards and installment loans

Bank Norwegian has entered into an agreement with the PRA Group to sell a Norwegian portfolio of defaulted credit cards and installment loans with outstanding customer claims totaling approximately NOK 3.0 billion. The sale will reduce gross loans in stage 3 with approximately NOK 1.7 billion. The transaction will be finalized and settled in September 2021 and is expected to yield a positive earnings impact in Q3 2021.


For any questions please call:

Interim CEO Klara Lise Aasen; phone +47 47635583; kaa@banknorwegian.no

Head of Treasury Mats Benserud; phone +47 95891539; mbe@banknorwegian.no


This information is subject to the disclosure requirements pursuant to Section 5-12 the Norwegian Securities Trading Act