Norwegian Finans Holding (NOFI)

TekBot · oktober 28, 2019, 11:01am

Norwegian Finans Holding ASA: Held extraordinary general meeting

TekBot · oktober 28, 2019, 11:01am

Norwegian Finans Holding ASA: Avholdt ekstraordinær generalforsamling

TekBot · oktober 30, 2019, 6:01am

NORWEGIAN FINANS HOLDING ASA: STERK VEKST OG INNTJENING I BANK NORWEGIAN

Konsernets totalresultat etter skatt i 3. kvartal 2019 utgjorde 511 millioner
kroner etter skatt, sammenlignet med 475 millioner kroner i andre kvartal.

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Den underliggende resultatutviklingen er sterk og er drevet av utlånsvekst, økte
provisjonsinntekter, god kostnadskontroll og forbedret kredittkvalitet.

Netto renteinntekter økte som følge av utlånsvekst og en mer rentedag. Netto
provisjonsinntekter økte som følge av sesongmessig høye inntekter i kvartalet.
Driftskostnadene økte som følge av periodiseringseffekter knyttet til
personalkostnader i foregående kvartal, delvis motvirket av lavere
markedsføringskostnader sammenlignet med foregående kvartal. Nedskrivninger på
utlån ble redusert i 3. kvartal som følge av bedret underliggende
kredittkvalitet.

Kunde- og utlånsveksten fortsatte i 3. kvartal, med en valutajustert utlånsvekst
på 1,3 milliarder kroner. Innskuddene økte med 687 millioner kroner
valutajustert.

Banken rekrutterte 47 600 nye kunder i 3. kvartal og har ved utgangen av
kvartalet en kundemasse på 1 683 100 kunder, fordelt på
1 235 600 kredittkortkunder, 204 500 lånekunder og 243 000 innskuddskunder.

Gjennomføringen av konsernets 4-delte strategi pågår i tråd med besluttede
planer med flere milepæler nådd. Lønnsom vekst i våre kjernemarkeder i Norden er
kritisk for banken, og 3. kvartal gjenspeiler nok et sterkt kvartal. Kunde- og
utlånsveksten både innenfor kredittkort og lån fortsatte for banken på tross av
sterk konkurranse og regulatoriske endringer.

Bank Norwegian fortsetter å undersøke optimal struktur for geografisk
ekspansjon. En forsiktig og segmentert modell for utvidelse til nye markeder vil
sikre samme bransjeledende resultater som i våre kjernemarkeder.

Arbeidet med en konsesjonssøknad i EU i Irland går i henhold til plan, og
materiale knyttet til «exporatory phase» er sendt.

Bank Norwegian startet driften i november 2007 og tilbyr forbrukslån,
kredittkort og innskudd til personkunder gjennom internett i det nordiske
markedet. Bank Norwegian tilbyr, i samarbeid med flyselskapet Norwegian, et
kombinert kredittkort og fordelskort. Banken startet virksomheten i Sverige i
mai 2013. I desember 2015 lanserte banken forbrukslån og innskudd i Danmark og
Finland, mens kredittkort ble lansert i juni 2016. Norwegian Finans Holding ASA
kjøpte i 2019 alle aksjene i det irske selskapet Lilienthal Finance Ltd, og
sikret gjennom selskapet rettighetene til bruk av merkenavnet Norwegian for
banktjenester samt tilgang til kunder i Europa.

Bank Norwegian er en digital bank som leverer enkle og konkurransedyktige
produkter i personkundemarkedet. Virksomheten baseres på ledende digitale
løsninger, synergier med flyselskapet Norwegian, attraktive betingelser til
kundene, kostnadseffektiv drift og effektiv risikoseleksjon.

For ytterligere informasjon, se delårsrapport for 3. kvartal 2019 og
investorpresentasjon for 3. kvartal 2019, som ligger tilgjengelig på:

https://www.banknorwegian.no/OmOss/InvestorRelations

For eventuelle spørsmål kan du ringe;

Administrerende direktør Tine Wollebekk; tlf nr: +47 40805557

Finansdirektør Pål Svenkerud; tlf nr: +47 93403904

Leder for kommunikasjon og samfunnskontakt Kai-Morten Terning; tlf nr:
+47 90531898

Denne opplysningen er informasjonspliktig etter verdipapirhandelloven §5-12

Kilde

TekBot · oktober 30, 2019, 6:01am

NORWEGIAN FINANS HOLDING ASA: STRONG GROWTH AND EARNINGS IN BANK NORWEGIAN

The Group’s comprehensive income in the third quarter 2019 amounted to NOK 511
million after tax, compared with NOK 475 million in the second quarter.

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The underlying earnings development is strong and is driven by loan growth,
increased commission income, good cost control and improved credit quality.

Net interest income increased due to loan growth and one more interest day. Net
commission income increased due to seasonally high income in the quarter.
Operating expenses increased due to accrual effects on personnel expenses in the
previous quarter, partly offset by lower digital marketing spending. Loan loss
provisions were lower in the quarter due to improved credit quality.

The customer and loan growth continued in the third quarter, with loan growth of
NOK 1.3 billion, currency adjusted. Deposits increased NOK 687 million, currency
adjusted.

The bank recruited 47 600 new customers in the third quarter. At the end of the
quarter, the bank had a customer base of 1 683 100 customers, divided among
1 235 600 credit card customers, 204 500 instalment loan customers and 243 000
deposit customers.

The execution of the Group’s 4-pillar strategy is proceeding according to plan
with several milestones reached. Profitable growth in our core Nordic region is
paramount for the Bank and Q3 represents another strong quarter. Despite intense
competitive pressure and regulatory changes, customer and growth within both
personal loans and credit cards continued.

Bank Norwegian continues to explore the best path for geographical expansion. A
cautious and segmented go-to-market model will ensure the same industry-leading
performance as in our key Nordic markets.

The application process for an EU Banking license in Ireland is progressing
according to plan as the exploratory phase information has been submitted.

Bank Norwegian started its operations in November 2007 and offers instalment
loans, credit cards and deposit accounts to retail customers distributed through
the Internet in the Nordic market. Bank Norwegian offers, in cooperation with
the airline Norwegian, a combined credit card and reward card. The bank started
operations in Sweden in May 2013. In December 2015 the bank launched instalment
loans and deposit accounts in Denmark and Finland, while credit cards were
launched in June 2016. In 2019 Norwegian Finans Holding ASA acquired all the
shares in the Irish company Lilienthal Finance Ltd. and through this company all
rights to the Norwegian brand for banking services and access to customers in
Europe.

Bank Norwegian is a digital bank that offers simple and competitive products to
the retail market. The strategy is based on leading digital solutions, synergies
with the airline Norwegian, attractive terms for our customers, cost-effective
operations and effective risk selection.

For further information, see Report for the third quarter 2019 and Investor
Presentation for the third quarter 2019, which are available at:

https://www.banknorwegian.no/OmOss/InvestorRelations

For any questions please call:

CEO Tine Wollebekk; phone: +47 40805557

CFO Pål Svenkerud; phone: +47 93403904

Head of Communications and Public Affairs Kai-Morten Terning; phone:
+47 90531898

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

Kilde

TekBot · november 13, 2019, 9:59am

Meldepliktig handel primærinnsider

TekBot · november 27, 2019, 7:57am

Norwegian Finans Holding ASA: Norwegian Finans Holding ASA has received an advance notice of MREL requirement for Norwegian Finans Holding ASA

Norwegian Finans Holding ASA has received an advance notice of MREL requirement
according to Financial Institutions Act 2015 (Finansforetaksloven) §20-9 from
the Norwegian Financial Supervisory Authority.
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Norwegian Finans Holding ASA shall hold total MREL capital equal to 37.135 % of
adjusted risk weighted assets as of 31.12.2018, which leads to an MREL
requirement of NOK 4,675 million. This absolute requirement will apply until a
new requirement is calculated expectedly prior to year end 2020.

The MREL capital issued by Norwegian Finans Holding ASA shall be issued in
senior non preferred format with an expected phase-in period until 31.12.2022.
Senior preferred debt issued by Bank Norwegian AS per 31.12.2019, with a minimum
remaining tenor of 1 year, will qualify as MREL capital until 31.12.2022.

Norwegian Finans Holding ASA is required to meet the minimum MREL requirement
per 30.06.2020. The company shall deliver a plan to the Norwegian FSA
within 31.03.2020 on how to fulfill the requirement going forward. The advance
notice is a preliminary notice to Norwegian Finance Holding ASA of its MREL
requirement.

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

Kilde

pleximus83 · november 27, 2019, 9:32am

og med det` ,så blir utbyttet utsatt minst 3 år.

ikke lenge til investorer får betalt for tålmodigheten

tror på sikt uansett NOFI vil bli en “Big Cash Dividend Stock” på Oslo Børs.

Kaisovski · november 27, 2019, 1:21pm

Bare tull å betale utbytte med 25%+ avkastning på egenkapitalen.

Ambisjonen må jo være å fortsette og bygge solid lånebok, ekspandere til nytt marked, OG jobbe for å flytte hele dritten.

Sitter de da med 15mrd i egenkapital og kan betale ut 10 av de…

Jeg beholder aksjene mine til jeg blir tvangsinnløst

TekBot · november 29, 2019, 12:00pm

Norwegian Finans Holding ASA: Bank Norwegian AS - Investor Meetings for NOK/SEK Sr. Preferred Bond

TekBot · desember 5, 2019, 9:48am

Norwegian Finans Holding ASA: Bank Norwegian announces tender offer for certain outstanding NOK and SEK bonds and a potential new issue of NOK/SEK senior preferred bonds

NOT FOR DISTRIBUTION IN OR INTO OR TO ANY PERSON LOCATED OR RESIDENT IN THE
UNITED STATES, ITS TERRITORIES AND POSSESSIONS (INCLUDING PUERTO RICO, THE U.S.
VIRGIN ISLANDS, GUAM, AMERICAN SAMOA, WAKE ISLAND AND THE NORTHERN MARIANA
…

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ISLANDS, ANY STATE OF THE UNITED STATES AND THE DISTRICT OF COLUMBIA) OR TO ANY
U.S. PERSON (AS DEFINED IN REGULATION S OF THE UNITED STATES SECURITIES ACT OF
1933, AS AMENDED) (THE “SECURITIES ACT”) OR IN ANY JURISDICTION WHERE IT IS
UNLAWFUL TO RELEASE, PUBLISH OR DISTRIBUTE THIS DOCUMENT. THE DISTRIBUTION OF
THIS DOCUMENT IN CERTAIN JURISDICTIONS (IN PARTICULAR, THE UNITED STATES, THE
UNITED KINGDOM, FRANCE AND ITALY) MAY BE RESTRICTED BY LAW.

Bank Norwegian AS (publ) (the “Issuer”), is offering holders of its outstanding
bonds outlined below (the “Bonds”) to tender for purchase by the Issuer for cash
(the “Tender Offer”) at the price set out below. The Bonds will be repurchased
subject to the terms and conditions described in a tender information document
dated 5 December 2019.

Description of the Bonds / ISIN / Outstanding Amount / Minimum Denomination /
Purchase Price

2017/2020 senior unsecured floating rate notes / NO0010790850 / NOK 500,000,000
/ NOK 1,000,000 / 100.059%

2017/2020 senior unsecured floating rate notes / NO0010810534 / SEK 500,000,000
/ SEK 1,000,000 / 100.276%

2017/2020 senior unsecured floating rate notes / NO0010811110 / NOK 300,000,000
/ NOK 1,000,000 / 100.285%

2018/2021 senior unsecured floating rate notes / NO0010837206 / SEK 400,000,000
/ SEK 1,000,000 / 100.437%

2019/2021 senior unsecured floating rate notes / NO0010848583 / SEK 550,000,000
/ SEK 1,000,000 / 100.730%

Following the Tender Offer, the Issuer will issue one or more senior preferred
bonds in NOK and/or SEK with tenors from 2 to 4 years (the “New Bonds”), subject
to market conditions.

The Tender Offer expires at 14.00 CET on 5 December 2019, unless extended, re-
opened, withdrawn or terminated at the sole discretion of the Issuer. Settlement
of the Tender Offer is expected to occur at or around 5 Business Days after the
Expiration Date, currently expected to be 12 December 2019.

The tendered amount of Bonds accepted by the Issuer will be capped at the total
nominal amount of the issue of the New Bonds.

The Issuer has appointed DNB Bank ASA (“DNB”) and Nordea Bank Abp (“Nordea”) to
act as dealer managers, joint bookrunners and tender agents (the “Dealer
Managers”, “Joint Bookrunners” and “Tender Agents”) in connection with the
Tender Offer.

Contact persons:

Pål Svenkerud, CFO, tel: +47 93 40 39 04

Mats Benserud, Head of Treasury, tel: +47 95 89 15 39

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

Kilde

TekBot · desember 5, 2019, 3:25pm

Norwegian Finans Holding ASA: Bank Norwegian announces final tender results for certain outstanding NOK and SEK bonds

NOT FOR DISTRIBUTION IN OR INTO OR TO ANY PERSON LOCATED OR RESIDENT IN THE
UNITED STATES, ITS TERRITORIES AND POSSESSIONS (INCLUDING PUERTO RICO, THE U.S.
VIRGIN ISLANDS, GUAM, AMERICAN SAMOA, WAKE ISLAND AND THE NORTHERN MARIANA
…

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ISLANDS, ANY STATE OF THE UNITED STATES AND THE DISTRICT OF COLUMBIA) OR TO ANY
U.S. PERSON (AS DEFINED IN REGULATION S OF THE UNITED STATES SECURITIES ACT OF
1933, AS AMENDED) (THE “SECURITIES ACT”) OR IN ANY JURISDICTION WHERE IT IS
UNLAWFUL TO RELEASE, PUBLISH OR DISTRIBUTE THIS DOCUMENT. THE DISTRIBUTION OF
THIS DOCUMENT IN CERTAIN JURISDICTIONS (IN PARTICULAR, THE UNITED STATES, THE
UNITED KINGDOM, FRANCE AND ITALY) MAY BE RESTRICTED BY LAW.

Bank Norwegian AS (publ) (the “Issuer”), today announces the final results of
its invitation dated 5 December 2019 to the holders of its outstanding bonds
outlined below (together, the “Bonds”) to tender their Bonds for purchase by the
Issuer for cash (the “Tender Offer”).

The Tender Offer was made on the terms and subject to the conditions set out in
a tender information document dated 5 December 2019 (the “Tender Information
Document”), available on the website of the Issuer.

At the expiration of the Tender Offer at 14:00 CET on 5 December 2019, valid
tender instructions of SEK 487,000,000 in aggregate nominal amount of SEK Bonds
and NOK 20,000,000 in aggregate nominal amount of NOK Bonds were received
pursuant to the Tender Offer. Details of tendered amount per ISIN are set out
below.

The Issuer announces that the New Financing Conditions (as defined in the Tender
Information Document) have been met and that a total nominal amount of new bonds
of (i) SEK 1,000,000,000 with a maturity of three (3) years, (ii) NOK
800,000,000 with a maturity of three (3) years and (iii) NOK 1,200,000,000 with
a maturity of four (4) years has been successfully issued under its EUR 1.5
billion EMTN Programme (the “New Bonds”). Accordingly, all valid tender
instructions received pursuant to the Tender Offer will be accepted for purchase
by the Issuer.

The purchase price payable per Bond is as set out below, in addition to which
the Issuer will pay an amount equal to any accrued and unpaid interest on the
relevant Bonds (in accordance with the terms and conditions of the Bonds):

Description of the Bonds / ISIN / Outstanding Amount / Accepted Amount / Minimum
Denomination / Purchase Price

2017/2020 senior unsecured floating rate notes / NO0010790850 / NOK 500,000,000
/ NOK 5,000,000 / NOK 1,000,000 / 100.059%

2017/2020 senior unsecured floating rate notes / NO0010810534 / SEK 500,000,000
/ SEK 64,000,000 / SEK 1,000,000 / 100.276%

2017/2020 senior unsecured floating rate notes / NO0010811110 / NOK 300,000,000
/ NOK 15,000,000 / NOK 1,000,000 / 100.763%

2018/2021 senior unsecured floating rate notes / NO0010837206 / SEK 400,000,000
/ SEK 65,000,000 / SEK 1,000,000 / 100.437%

2019/2021 senior unsecured floating rate notes / NO0010848583 / SEK 550,000,000
/ SEK 358,000,000 / SEK 1,000,000 / 100.730%

Settlement of the Tender Offer will occur on 12 December 2019. Settlement of the
transactions pursuant to the Tender Offer will occur as a secondary trade via
DNB Bank ASA and Nordea Bank Abp. All tendering Bondholders should coordinate
the trade bookings with their local sales representative immediately.

Information about the Tender Offer may be obtained from the Dealer Managers.

CONTACT INFORMATION

Joint Bookrunners and Dealer Managers

DNB Bank ASA

E-mail: [email protected]

Nordea Bank Abp

Email: [email protected]

The Issuer

Bank Norwegian AS

Mats Benserud

[email protected] (mailto:[email protected])

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

Kilde

TekBot · desember 5, 2019, 5:08pm

Norwegian Finans Holding ASA: Bank Norwegian - Successful issuance of senior unsecured bonds

Bank Norwegian AS refers to the announcements on 27 November 2019 concerning
received advance notice of an MREL requirement, on 29 November 2019 concerning
investor meetings, and today’s announcements with the tender results for certain
…

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NOK and SEK bond issues. The bank has today issued three senior unsecured bonds
denominated in SEK and NOK with the following terms:

SEK 1,000 million with a 3 year tenor with a coupon equal to 3 months STIBOR +
1.90% p.a,

NOK 800 million with a 3 year tenor with a coupon equal to 3 months NIBOR +
1.95% p.a, and

NOK 1,200 million with a 4 year tenor with a coupon equal to 3 months NIBOR +
2.15% p.a

Settlement date for all issues is 12 December 2019.

Given the successful transactions today, Norwegian Finans Holding ASA and Bank
Norwegian AS are well positioned to meet the announced preliminary MREL
requirements effective as of 30 June 2020 and further into the phase-in period
towards 31.12.2022.

DNB Markets and Nordea Bank Abp acted as joint lead managers.

Fornebu, 5 December 2019

Contact persons:

CFO Pål Svenkerud; phone +47 93403904

Head of treasury Mats Benserud; phone +47 95891539

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

Kilde

TekBot · desember 6, 2019, 2:20pm

Norwegian Finans Holding ASA: Bank Norwegian AS - issuance of senior unsecured bonds

TekBot · desember 11, 2019, 3:15pm

Norwegian Finans Holding ASA: Financial Calendar

TekBot · januar 20, 2020, 9:28am

Finansiell kalender

pleximus83 · januar 29, 2020, 4:26pm

Finanstilsynet ønsker at stortinget skal slippe taket og så er det av med silkehanskene…

“Finanstilsynet vil vurdere uavhengighet fra regjeringen”

"I et brev til Finansdepartementet foreslår Finanstilsynet å sette ned et utvalg for å gjennomgå finanstilsynsloven. Finanstilsynet mener man må vurdere om myndighetene skal ha adgang til å instruere tilsynet.

Finanstilsynsloven er fra 1956, og nå ser Finanstilsynet behov for en omfattende gjennomgang av loven. …"

TekBot · januar 30, 2020, 3:30pm

Norwegian Finans Holding ASA: The FSA decides adjusted Pillar 2 capital requirement for Norwegian Finans Holding ASA and Bank Norwegian AS (SREP)

Pursuant to Section 13-6, seventh paragraph, second section of the Financial
Institutions Act, The Financial Supervisory Authority of Norway (FSA) has
decided that in addition to the minimum and buffer capital requirements, Bank
…

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Norwegian AS and Norwegian Finans Holding ASA shall have a Pillar 2 capital
requirement of 5.8% of risk weighted assets, corresponding to at least NOK
2 030 million. The bank is also expected to keep a management buffer of 1.0%.

The Pillar 2 capital requirement comes into effect 31.03.20. From this date, the
CET1 requirement for Norwegian Finans Holding ASA is estimated at 18.5%, a
reduction of 0.4 percentage points from the current CET1 requirement including
the 3.0% buffer requirement required for distributing excess capital. As of
30.09.19 Norwegian Finans Holding ASA had a CET1 ratio of 20.2% and Bank
Norwegian AS a CET1 ratio of 20.6%.

Contact persons:

Head of treasury Mats Benserud; phone +47 95891539

CFO Pål Svenkerud; phone +47 93403904

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

Kilde

pleximus83 · februar 2, 2020, 11:24am

nå har det fullstendig klikket for Finanstilsynet…

personlige bøter hvis overtredelse av dagens lovverk…
" For fysiske personer blir det etter samme linje 5 millioner euro, eller 50 millioner kroner, som er summen tilsynet fastsetter for å omgå svingningene i valutakursen.

Kaisovski · februar 2, 2020, 11:59am

Helt fjernt. Finanstilsynet vil rasere konkurransekraften til norske bedrifter, under det moralsk overlegne påskuddet de har fått for seg.
Når skattepengene flytter ut, og utenlandske banker tiltrekker seg all kapitalen, vil det være for seint å angre.

Bra for forbrukere da i det minste. Men ikke for velferdsstaten.

TekBot · februar 12, 2020, 9:15am