Morrow Bank MOBA - (tidl Komplett Bank (KOMP))

TekBot · mars 27, 2020, 1:05pm

Mandatory notification of trade

TekBot · mars 31, 2020, 5:59pm

Komplett Bank ASA: New approach for measuring operational risk improves capital adequacy

Komplett Bank has made the decision to change the approach used for measuring operational risk when calculating capital adequacy. Starting from March 2020 Komplett Bank will utilise the Standardised Approach, which will replace the Basic Indicator Approach used previously.

The transition to the Standardised Approach is expected to have a positive effect of approximately 0.8%-points on Komplett Bank’s capital adequacy as of 31 March 2020.
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For further information, please contact:
Henning Fagerbakke, CFO
+47 954 63 720
ir@komplettbank.no

About Komplett Bank ASA
Komplett Bank is a focused Nordic digital niche bank offering personal loans, credit cards, deposit accounts and online point-of-sales finance products to consumers. The target group is creditworthy customers with stable personal finances and no payment remarks. Credit risk is managed largely by automated processes for credit assessment and underwriting. The bank has a diversified and balanced distribution model utilizing both public and proprietary channels. Operational efficiency and low cost are the foundation for Komplett Bank and is enabled by centralised operations, modern systems and digital set-up.

To learn more, visit www.komplettbank.no

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

Kilde

TekBot · april 2, 2020, 1:00pm

Mandatory notification of trade

TekBot · april 5, 2020, 7:48pm

Mandatory notification of trade

The following primary insiders in Komplett Bank ASA have in accordance with the Bank’s share option plan been allocated options as set out below:

Jan Haglund (CEO), has been allocated 502,273 options based on an option value of NOK 2.37. Following the transaction Jan Haglund and close associates hold 600,000 shares and 1,159,196 options in Komplett Bank ASA.
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Enok Hanssen (Product Director Loans and POS Finance), has been allocated 347,280 options based on an option value of NOK 2.37. Following the transaction Enok Hanssen close associates hold 180,772 shares and 403,865 options in Komplett Bank ASA.

Steffen Ryengen (Chief Marketing and Information Officer), has been allocated 304,319 options based on an option value of NOK 2.73. Following the transaction Steffen Ryengen and close associates hold 1,621,279 shares and 522,259 options in Komplett Bank ASA.

Annika Ramstedt (Director Credit Risk & Collections), has been allocated 163,114 options based on an option value of NOK 2.37. Following the transaction Annika Ramstedt close associates hold 50,008 shares and 283,898 options in Komplett Bank ASA.

Eivind Bagås (CCO/CRO), has been allocated 143,928 options based on an option value of NOK 2.73. Following the transaction Eivind Bagås close associates hold 39,619 shares and 154,850 options in Komplett Bank ASA.

Henning Fagerbakke (CFO), has been allocated 122,287 options based on an option value of NOK 2.73. Following the transaction Henning Fagerbakke and close associates hold 201,716 shares and 129,239 options in Komplett Bank ASA.

Wilhelm B. Thomassen (Director Legal & HR), has been allocated 116,728 options based on an option value of NOK 2.73. Following the transaction Wilhelm B. Thomassen and close associates hold 2,018,053 shares and 269,768 options in Komplett Bank ASA.

Christina Pedersen (COO), has been allocated 113,949 options based on an option value of NOK 2.73. Following the transaction Christina Pedersen and close associates hold 205,462 shares and 214,635 options in Komplett Bank ASA.

Eirik Holtedahl (Product Director Credit Cards), has been allocated 108,622 options based on an option value of NOK 2.73. Following the transaction Eirik Holtedahl close associates hold 849,856 shares and 128,673 options in Komplett Bank ASA.

All allocations of options have been done in accordance with the share option plan, which also allows for an employee to opt for receiving options at market price instead of parts of his/her remuneration. The option value is established based on full market value calculated using observed trading prices and Black and Scholes’s option pricing model, including an element of social security tax. As the social security tax rate in Sweden is higher, option value is different between primary insiders. Each option is issued with Komplett Bank ASA as issuer and provides the holder with a right to subscribe one share. The options are subject to a five years exercise period. Under certain circumstances the holder may be eligible for an extension up to additinal 3 years.

Kilde

TekBot · mai 8, 2020, 11:55am

Komplett Bank ASA: Invitation to Q1 2020 presentation

Komplett Bank will publish its interim report for Q1 2020 on Wednesday, 13 May at 07:00 CEST. The quarterly report and presentation materials will be made available online at ir.komplettbank.com and www.newsweb.no.

CEO Jan Haglund and CFO Henning Fagerbakke will present the Bank’s results at 08:30 CEST. Due to the prevailing Covid-19 situation, the presentation and following Q&A will be conducted via conference call and webcast.
…

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The webcast can be followed at: https://komplettbank.eventcdn.net/2020q1/

Conference call dial in numbers:
NO: +47 23963688
SE: +46 856642705
FI: +35 8981710522
DK: +45 78150110
UK: +44 3333009268
US: +16 467224903
GE: +49 6913803452
CA: +16 474848337

For further information, please contact:
Henning Fagerbakke, CFO
tel: +47 95463720
email: ir@komplettbank.no

About Komplett Bank ASA
Komplett Bank is a focused Nordic digital niche bank offering personal loans, credit cards, deposit accounts and online point-of-sales finance products to consumers. The target group is creditworthy customers with stable personal finances and no payment remarks. Credit risk is managed largely by automated processes for credit assessment and underwriting. The Bank has a diversified and balanced distribution model utilizing both public and proprietary channels. Operational efficiency and low cost is a foundation for Komplett Bank and is enabled by centralized operations, modern systems and digital set-up.

To learn more, visit ir.komplettbank.com

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

Kilde

TekBot · mai 13, 2020, 5:01am

Komplett Bank ASA: Q1 2020 results – lower loan losses and improved profitability

Highlights

Net loans grew by NOK 326 million in Q1 2020, but decreased by NOK 189 million adjusted for currency effects

Losses on loans were NOK 132.2 million, including NOK 50 million in an additional loan loss provision due to macroeconomic uncertainty related to Covid-19
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Adjusted for additional loan loss provisions, loan loss ratio decreased to 3.8% from 5.6% in Q4 2019

Profit after tax was NOK 45.9 million, up from NOK -15.4 million in Q4 2019

Return on equity was 10.1% and 18.1% adjusted for additional loan loss provisions related to Covid-19, up from 13.6% adjusted for additional loan loss provisions in Q4 2019

Komplett Bank’s CET1 ratio was 20.9%, above the 18.0% financial target which includes a 1.0%-point management buffer

Financial review
Net loans grew by NOK 326 million in Q1 2020, driven by appreciation of SEK and EUR to NOK. Adjusted for currency effects, net loans decreased by NOK 189 million as new lending was reduced to mitigate macroeconomic risks related to the Covid-19 outbreak.

Net interest income amounted to NOK 285.9 million, down from NOK 293.8 million in Q4 2019. Net commissions and fees amounted to NOK 4.5 million in Q1 2020, down from 6.8 million in the previous quarter as POS activity declined and expenses are lagging income.

Operating expenses were NOK 97.0 million, down from NOK 99.5 million in Q4 2019. Direct marketing expenses amounted to NOK 4.3 million, down from NOK 10.9 million in Q4 2019.

Losses on loans amounted to NOK 132.2 million, including an additional loan loss provision of NOK 50 million due to macroeconomic uncertainty related to Covid-19, down from NOK 221.7 million in Q4 2019. The loan loss ratio adjusted for the additional loan loss provision was 3.8%, down from 5.6% in Q4 2019, as underlying credit performance improved in Norway and Sweden.

Commenting on the results, CEO Jan Haglund, said:

“In the first quarter of 2020, the outbreak of Covid-19 quickly led to a shift in priorities to safeguarding the health of our employees and their families, and to assist our customers overcoming short-term challenges in servicing their loans. I am proud of how our dedicated employees were able to adjust to the new situation, which contributed to limit the operational and financial impact in the first quarter.

Over the past 18 months, Komplett Bank has systematically implemented measures to improve credit quality. I am pleased to see that our efforts resulted in material improvements to underlying loan losses in the quarter, which once again are back at historical levels. To account for increased macroeconomic uncertainty due to Covid-19, we made an additional loan loss provision of NOK 50 million. Nevertheless, profitability improved in the quarter and we maintained a robust capital position.

At Komplett Bank, we have an efficient and robust business model and the necessary profitability, solidity and flexibility to weather the effects of Covid-19. I expect us to remain prudent in terms of growth in the short term. By maintaining focus on serving our customers and executing on our strategic priorities, we expect to continue to strengthen our competitive position going forward.”

The quarterly report and presentation are attached to this release and available at ir.komplettbank.com.

CEO Jan Haglund and CFO Henning Fagerbakke will present the Bank’s results at 08:30 CEST. The presentation and Q&A will be conducted via conference call and webcast.

The webcast can be followed at: https://komplettbank.eventcdn.net/2020q1/

Conference call dial in numbers:
NO: +47 23963688
SE: +46 856642705
FI: +35 8981710522
DK: +45 78150110
UK: +44 3333009268
US: +16 467224903
GE: +49 6913803452
CA: +16 474848337

For further information, contact:

Investors:
Henning Fagerbakke, CFO
+47 95 46 37 20
ir@komplettbank.no

Media:
Jan Haglund, CEO
+46 70 600 2061
ir@komplettbank.no

About Komplett Bank ASA
Komplett Bank is a focused Nordic digital niche bank offering personal loans, credit cards, deposit accounts and online point-of-sales finance products to consumers. The target group is creditworthy customers with stable personal finances and no payment remarks. Credit risk is managed largely by automated processes for credit assessment and underwriting. The Bank has a diversified and balanced distribution model utilizing both public and proprietary channels. Operational efficiency and low cost is a foundation for Komplett Bank and is enabled by centralized operations, modern systems and digital set-up.

To learn more, visit ir.komplettbank.com

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

Kilde

E24Bot · mai 13, 2020, 5:18am

Inveliten · mai 13, 2020, 5:30am

Skjønner ikke helt vinklingen til E24 her. Synes tallene ser temmelig bra ut? Hadde selvsagt vært enda bedre uten avsetningpå 50M for fremtidige lånetap, men likevel.

lalaland · mai 13, 2020, 6:08am

Prisingen er jo veldig god gitt at slike resultater fortsetter. 180 mill i året ETTER skatt (45mill* 4 kvartal) --> Vurderes til 1,1 milliard av markedet?

Man skal selge sinnsykt mange flasker Softox for å oppnå noe lignende. Bank er usexy og tilknyttet noe usikkerhet de neste kvartalene, men om de fortsetter avsetning til tap på - 50 mill pr kvartal fremover, er det fortsatt gull å sitte på denne aksjen med dagens prising.

stAMy · mai 13, 2020, 7:27am

Jeg har en inngang på 4,21 på denne aksjen. Ser for meg 150% avkastning ved salg innen kanskje halvannet til 2 år.

tswbeta · mai 13, 2020, 8:51am

Det tror jeg du vil få også. Hvis ekstraordinære tapsavsetninger nå stopper opp etter Q2 så vil jeg tro at den begynner å klatre igjen.

TekBot · mai 13, 2020, 12:32pm

Mandatory notification of trade

Inveliten · mai 13, 2020, 2:37pm

Han ler vel hele veien til banken tenker jeg

pleximus83 · mai 15, 2020, 9:16am

ting til å ta til etterretning…

TekBot · mai 16, 2020, 10:04am

Increase of Share Capital Registered

TekBot · mai 22, 2020, 8:33am

Mandatory notification of trade

TekBot · mai 27, 2020, 1:27pm

Mandatory notification of trade

The following primary insiders in Komplett Bank ASA have in accordance with the Bank’s share option plan exercised stock options as set out below: Henning Fagerbakke (Chief Financial Officer), has exercised options to subscribe 1,145 shares in Komplett Bank ASA at a subscription price per share of NOK 1.00 plus a variable element equivalent to the social security tax at the date of exercise of NOK 0.74 per share. Following the transactions Henning Fagerbakke and close associates hold 202,861 shares and 128,094 stock options in Komplett Bank ASA. Enok Hanssen (Director Consumer Loans and POS), has exercised options to subscribe 48,390 shares in Komplett Bank ASA at a subscription price per share of NOK 1.00 plus a variable element equivalent to the social security tax at the date of exercise of NOK 1.43 per share. Following the transactions Enok Hanssen and close associates hold 229,162 shares and 355,475 stock options in Komplett Bank ASA. Annika Ramstedt (Director Credit Risk and Collections), has exercised options to subscribe 40,000 shares in Komplett Bank ASA at a subscription price per share of NOK 1.00 plus a variable element equivalent to the social security tax at the date of exercise of NOK 1.43 per share. Following the transactions Annika Ramstedt and close associates hold 90,008 shares and 243,898 stock options in Komplett Bank ASA. All allocations of options have been done in accordance with the share option plan, which allows for an employee to opt for receiving options at market price instead of parts of his/her remuneration. The option value is established based on full market value calculated using observed trading prices and Black and Scholes’s option pricing model, including an element of social security tax. Each option is issued with Komplett Bank ASA as issuer and provides the holder with a right to subscribe one share. The options are subject to a five years exercise period.
…

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Kilde

TekBot · mai 29, 2020, 11:45am

Renteregulering

TekBot · mai 29, 2020, 11:47am

Renteregulering

TekBot · juni 15, 2020, 5:02am

Komplett Bank: Financial update in relation to contemplated AT1 issue

Komplett Bank has mandated ABG Sundal Collier and Pareto Securities for a potential issue of perpetual Additional Tier 1 bonds, subject to market conditions.

In relation to the contemplated Tier 1 bond issue and with reference to the operational and financial update on 25 March 2020, Komplett Bank wishes to provide the market with a brief financial update.
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As previously reported, Komplett Bank has been prudent in onboarding new customers during Q1 2020, and this practice has continued into April and May 2020. Net loan growth adjusted for currency effects was negative by NOK 211 million in the first two months of Q2 2020. Total net loans at 31 May 2020 was NOK 8,427 million.

Underlying credit performance continued to develop positively, continuing the trend observed in Q1 2020. The loan loss ratio for April and May was 3.6% compared to 3.8% in Q1 2020 and 5.6% in Q4 2019, with no new model parameter adjustments for April and May. Unaudited profit after tax came in at NOK 57 million for the first two months of Q2 2020.

At the end of Q1 2020, Komplett Bank reported a CET1 capital ratio of 20.9%, well above the current capital requirement of 17.0%. The CET1 capital ratio at the end of May 2020 increased to 21.1%, before including the unaudited profit for the first two months of Q2 2020.

For additional information, please contact:

Investors
Henning Fagerbakke, CFO
+47 95 46 37 20
ir@komplettbank.no

Media
Jan Haglund, CEO
+46 70 600 2061
jan.haglund@komplettbank.no

About Komplett Bank ASA
Komplett Bank is a focused Nordic digital niche bank offering personal loans, credit cards, deposit accounts and online point-of-sales finance products to consumers. The target group is creditworthy customers with stable personal finances and no payment remarks. Credit risk is managed largely by automated processes for credit assessment and underwriting. The bank has a diversified and balanced distribution model utilizing both public and proprietary channels. Operational efficiency and low cost are the foundation for Komplett Bank and is enabled by centralised operations, modern systems and digital set-up.

To learn more, visit ir.komplettbank.com

Kilde