Bank Norwegian

Bank Norwegian har ansatt Kai-Morten Terning (40) som leder for samfunnskontakt og

kommunikasjon.

Bank Norwegian har hatt sterk vekst og har på kort tid blitt den ledende banken i vårt marked. Vi

har derfor behov for å styrke oss på både samfunns- og myndighetskontakt og kommunikasjon. Vi er

svært glade for å styrke laget med Kai Morten Terning, sier administrerende direktør Tine Wollebekk

i Bank Norwegian.

Terning kommer fra jobben som statssekretær i Barne- og likestillingsdepartementet. Terning vil

starte i Bank Norwegian etter at karanteneperioden utløper 17. juli.

Kontaktperson:

Johanna Puustinen 

Epost: jpu@banknorwegian.no

Telefon: +47 91878673

https://www.banknorwegian.no

Konsernets totalresultat etter skatt i 1. kvartal utgjorde 328 millioner kroner, en økning på 38 millioner kroner fra 4. kvartal. Resultatfremgangen forklares av sterk utlånsvekst, stabile marginer, god kostnadskontroll og stabil kredittkvalitet. Resultatet preges av fremgang i alle markedene.

Den sterke kunde- og utlånsveksten fortsatte i 1. kvartal, med en utlånsvekst på 2,8 milliarder kroner, mens innskuddene økte med 3,8 milliarder kroner. Banken rekrutterte 92.200 nye kunder i 1. kvartal. Banken har ved utgangen av 1. kvartal 2017 en kundemasse på 1.033.100 kunder, fordelt på 738.000 kredittkortkunder, 158.300 lånekunder og 136.800 innskuddskunder.

Bank Norwegian kortet ble nylig kåret til «Beste kredittkort for lojalitetsprogram i Europa/Afrika» under Freddie Awards.

Banken har en bred, nordisk plattform og utlånsvolumene vokser raskere utenfor Norge. Vedtatte og foreslåtte reguleringer fra norske myndigheter anslås derfor å ha en mer begrenset innvirkning på bankens utvikling fremover.

Basert på økte pilar 2-krav har banken i 1. kvartal gjennomført en forhøyelse av egenkapitalen på 500 millioner kroner og banken vil anpasse utlånsveksten for å tilfredsstille myndighetspålagte kapitalkrav innen 30.9.2017.

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 lån og innskudd i Danmark og Finland, mens kredittkort ble lansert i juni 2016.

Bank Norwegian skal være en nettbank som leverer enkle og konkurransedyktige produkter i personkundemarkedet. Virksomheten baseres på ledende e-handelsløsninger, synergier med flyselskapet Norwegian, attraktive betingelser til kundene, kostnadseffektiv drift og effektiv risikoseleksjon.

For ytterligere informasjon, se delårsrapport for 1. kvartal 2017 og investorpresentasjon for 1. kvartal 2017 som ligger tilgjengelig på:

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

For eventuelle spørsmål kan du ringe;

Konstituert administrerende direktør Pål Svenkerud; tlf nr: 93403904

https://www.banknorwegian.no

Ratingbyrået S&P Global Ratings har i dag offentliggjort en rating på Bank Norwegian. Banken er tildelt en langsiktig rating på "BBB" og en kortsiktig rating på "A-2", med "negative outlook".

Se vedlagte pressemelding fra S&P Global Ratings.

Kontaktperson:

Konstituert administrerende direktør Pål Svenkerud; tlf 93403904

NOT FOR DISTRIBUTION OR RELEASE, DIRECTLY OR INDIRECTLY, TO U.S. NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES, CANADA, AUSTRALIA OR JAPAN, OR ANY OTHER JURISDICTION IN WHICH THE DISTRIBUTION OR RELEASE WOULD BE UNLAWFUL OR WOULD REQUIRE REGISTRATION OR OTHER MEASURES. THIS ANNOUNCEMENT DOES NOT CONSTITUTE AN OFFER OF ANY OF THE SECURITIES DESCRIBED HEREIN.

Norwegian Finans Holding ASA - Private Placement fully subscribed and Mandatory Notification of Trades

Reference is made to the announcement published by Norwegian Finans Holding ASA ("NFH", or the "Company") on 13 February 2017 at 16:55 CET (the "Launch Announcement") regarding the contemplated private placement (the "Private Placement").

The Board of Directors (the "Board") of the Company is pleased to announce that NFH has successfully resolved and completed the Private Placement with the support of existing investors, raising approximately NOK 500 million in gross proceeds through the subscription and allocation of 6 514 658 new shares (the "New Shares") at a subscription price of NOK 76.75 per share (the "Subscription Price"), which corresponds with the quoted share price at close of market on 13 February 2017. The Private Placement was significantly oversubscribed.

Issuance and delivery of the New Shares is subject to approval of the corresponding share capital increase by the Financial Supervisory Authority of Norway (the "FSA"). Subject to approval by the FSA of the capital increase related to the New Shares, the due date for payment for allocated New Shares is expected to be on or about 17 February 2017. The New Shares will be registered with the Norwegian Register of Business Enterprises and the VPS following approval by the FSA and receipt of payment for all the New Shares. Following issuance of the New Shares, the issued and outstanding share capital of the Company will be NOK 186 618 704 distributed on 186 618 704 shares each having a par value of NOK 1.00.

As explained in the Launch Announcement, the Board will derogate from the existing shareholders' pre-emptive rights to subscribe the New Shares. The Board is of the opinion that the decision complies with applicable equal treatment obligations. This is in particular due to the fact that (i) the decision gives the Company access to the new capital at low risk and in time to comply with the increased core Tier 1 capital requirement under pillar 2 expected to be communicated by the FSA at the earliest in Q2'17 while at the same time allowing for continued growth; (ii) the costs of raising the new capital are low due to no discount and that fees for subscription guarantees have been avoided; (iii) existing shareholders who were not given an opportunity to participate in the private placement will receive subscription rights in a subsequent offering in the Company following completion of the Private Placement, see below.

The Subscription Price has been set through an open book-building process. Directors and Officers of NFH have participated in the Private Placement.

Subject to receipt by the Company of the approximately NOK 500 million proceeds under the Private Placement and approval of the corresponding share capital increase by the FSA, the Board will carry out a subsequent repair offering (the "Subsequent Offering") with gross proceeds of up to NOK 100 million directed towards shareholders in the Company as of 13 February 2017, as registered in the VPS on 15 February 2017, who were not given an opportunity to participate in the Private Placement. The Subsequent Offering will only be directed toward such persons who are not resident in a jurisdiction where such offering would be unlawful or, for jurisdictions other than Norway, would require any prospectus, filing, registration or similar action. Such shareholders will be granted non-tradable subscription rights to subscribe for, and, upon subscription, be allocated new shares. One subscription right will entitle the holder to subscribe for one share in the Subsequent Offering. Oversubscription for the relevant shareholders will be allowed. Subscription without subscription rights will not be allowed. The subscription price in such Subsequent Offering will be NOK 76.75 per share, equal to the Subscription Price in the Private Placement.

The following will apply for the Subsequent Offering:

• Date of announcement of the Subsequent Offering: 13 February 2017
• Last day including right: 13 February April 2017
• Ex. date: 14 February 2017 (the Company will issue a separate announcement regarding the ex. date)
• Record date: 15 February 2017
• Date of approval: The Subsequent Offering is subject to approval of the corresponding share capital increase by the FSA
• Maximum number of new shares: 1 302 931
• Subscription price: NOK 76.75
• Maximum gross proceeds: NOK 99 999 954.25

The net proceeds from the Private Placement and the Subsequent Offering will be used to increase the core Tier 1 capital to comply with the increased capital requirement expected from the FSA and for further growth.

The following members of the Company's management and board, on behalf of themselves or affiliated companies, have been allocated New Shares in the Private Placement, each such share allocated at the Subscription Price:

• Pål Svenkerud, acting CEO: 42 001 New Shares. After the transaction, Pål Svenkerud owns 1 203 163 shares in the Company.
• Tore Andresen, COO: 37 914 New Shares. After the transaction, Tore Andresen owns 1 086 086 shares in the Company.
• Fredrik Mundal, CMO: 3 257 New Shares. After the transaction, Fredrik Mundal owns 3 257 shares in the Company.
• Tore Widding, CRO: 17 506 New Shares. After the transaction, Tore Widding owns 501 480 shares in the Company.
• Merete Gillund, CIO: 17 807 New Shares. After the transaction, Merete Gillund owns 510 111 shares in the Company.
• Brede Huser, board member: 11 600 New Shares. After the transaction, Brede Huser owns 158 724 shares in the Company.
• Norwegian Air Shuttle AS: 1 302 931 New Shares. After the transaction, Norwegian Air Shuttle AS owns 37 323 739 shares in the Company.
• Green 91 AS, a company wholly owned by Lars Ola Kjos, board member of Bank Norwegian AS: 443 223 New Shares. After the transaction, Green 91 AS owns 11 815 127 shares in the Company.
• Brumm AS, a company wholly owned by Bjørn H. Kise, Chairman of the Board: 305 635 New Shares. After the transaction, Brumm AS owns 7 987 078 shares in the Company.
• Sneisungen AS, a company owned 51 % by Bjørn H. Kise, Chairman of the Board: 175 801 New Shares. After the transaction, Sneisungen AS owns 4 594 162 shares in the Company.

Arctic Securities AS acted as Manager and Advokatfirmaet Simonsen Vogt Wiig AS acted as NFH's legal counsel in the Private Placement.

For further information, please contact acting CEO, Pål Svenkerud: phone: + 47 93403904

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

Disclaimer

The information contained herein does not constitute an offer to sell or a solicitation of an offer to buy any New Shares in any jurisdiction in which such offer or solicitation is unlawful or where this would require registration, publication of a prospectus or similar action.

There will be no public offer of the New Shares in the United States. The New Shares have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act"), or under the securities law of any state or other jurisdiction of the United States and may not be reoffered, resold, pledged or otherwise transferred, directly or indirectly, except (a) outside the United States in accordance with Rule 903 or Rule 904 of Regulation S, as applicable or (b) pursuant to Rule 144A under the U.S. Securities Act by executing and delivering a separate U.S. investor representation letter to the Manager. A person in the United States or who is a "U.S. Person" (within the meaning of Regulation S under the U.S. Securities Act), may not apply for New Shares or otherwise take steps in order to subscribe or purchase New Shares unless the subscriber has confirmed to the Manager that it is a "qualified institutional buyer" ("QIB") as defined in Rule 144A under the U.S. Securities Act and if resident in California, an "institutional investor" as defined in Rule 260.102.10 under the California Corporate Securities Law of 1968, as amended, in each case acquiring the New Shares for investments purposes for its own account or for one or more accounts of another/other QIB(s), where it has investment discretion over such accounts in a transaction exempt from the registration requirements under the U.S. Securities Act by executing and delivering a U.S. investor representation letter to the Manager. The New Shares are "restricted securities" within the meaning of Rule 144(a)(3) under the U.S. Securities Act and may not be deposited into any unrestricted depositary receipt facility in the United States, unless at the time of deposit the New Shares are no longer "restricted securities".

New Shares will only be offered in the United Kingdom (a) to persons who have professional experience, knowledge and expertise in matters relating to investments and are "investment professionals" for the purposes of article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (all such persons being referred to as "relevant persons") and (b) only in circumstances where, in accordance with section 86(1)(c) and (d) of the Financial and Services Markets Act 2000 ("FSMA"), the requirement to provide an approved prospectus in accordance with the requirement under section 85 FSMA does not apply as the minimum denomination of and subscription for the New Shares exceeds EUR 100,000 or an equivalent amount. Any application or subscription for the New Shares is available only to relevant persons and will be engaged in only with relevant persons and each UK applicant warrants that it is a relevant person.

The offering of New Shares is not being made into Canada, Australia or Japan.

This press release contains forward-looking statements. Forward-looking statements are statements that are not historical facts and may be identified by words such as "believe," "expect," "anticipate," "intends," "estimate," "will," "may," "continue," "should" and similar expressions. The forward-looking statements in this release are based upon various assumptions, many of which are based, in turn, upon further assumptions. Although NFH believes that these assumptions were reasonable when made, these assumptions are inherently subject to significant known and unknown risks, uncertainties, contingencies and other important factors which are difficult or impossible to predict and are beyond its control. Such risks, uncertainties, contingencies and other important factors could cause actual events to differ materially from the expectations expressed or implied in this release by such forward-looking statements.

The information, opinions and forward-looking statements contained in this release speak only as at its date, and are subject to change without notice. Norwegian Finans Holding AS disclaims any obligation to update and revise any forward-looking statements, whether as a result of new information, future events or otherwise.

NOT FOR DISTRIBUTION OR RELEASE, DIRECTLY OR INDIRECTLY, TO U.S. NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES, CANADA, AUSTRALIA OR JAPAN, OR ANY OTHER JURISDICTION IN WHICH THE DISTRIBUTION OR RELEASE WOULD BE UNLAWFUL OR WOULD REQUIRE REGISTRATION OR OTHER MEASURES. THIS ANNOUNCEMENT DOES NOT CONSTITUTE AN OFFER OF ANY OF THE SECURITIES DESCRIBED HEREIN.

Norwegian Finans Holding ASA - Contemplated Private Placement

Norwegian Finans Holding ASA ("NFH" or the "Company") has engaged Arctic Securities AS (the "Manager") to assist the Company in a contemplated private placement (the "Private Placement") through issuance of new shares for a total consideration of approximately NOK 500 million (the "New Shares"). The Private Placement comprises an offering directed at selected Norwegian investors, and selected investors in other jurisdictions as permitted by applicable securities laws provided that the Company is not required to file a prospectus, application or other similar documentation. The minimum application and allocation amount is set to the NOK equivalent to EUR 100,000 (however, NFH and the Manager may in their own discretion invite and accept applications for lower amounts from up to 149 investors).

Bank Norwegian AS ("the Bank") delivers a combined Nordic (gross) loan growth of NOK 3.5 bn. in Q4'16, up NOK 0.8 bn. compared to Q3'16. The loan growth in 2017 has been strong. The growth is particularly strong outside Norway, demonstrating a successful business model of small loans distributed to the retail market and diversified both geographically in the Nordics and regionally within each country. However, at the back of the strong development, the core Tier 1 capital declines from 14.0% in Q3'16 to 13.7% per 31 December 2016. Further, an increased core Tier 1 capital requirement under pillar 2 is expected to be communicated by the Financial Supervisory Authority of Norway (the "FSA") at the earliest during Q2'17. Hence, the Bank will increase its capital targets going forward, most likely in relation to Q1'17, and aims for a core Tier 1 capital ratio of approximately 16.0% by the end of Q2'17. The increased capital targets will be met through a number of measures to be implemented by the Bank. These include continued growth in earnings, deferring initiation of dividend payments until 2018 based on the financial result in 2017 and inject new equity through the Private Placement. The Private Placement is expected to increase the core Tier 1 capital with about 2.3%. Going forward, the intended loan growth will be accommodated to the capital base so that internal generation of capital is sufficient to fulfil the capital requirements.

The Board will under the Private Placement decide to derogate from the existing shareholders' pre-emptive rights to subscribe for the New Shares. The Board is of the opinion that the structure of the Private Placement together with the intended subsequent repair offering is in compliance with the equal treatment obligations under the Norwegian Securities Trading Act and Oslo Børs' Circular no. 2/2014.

The subscription price in the Private Placement will be set through an accelerated book-building process conducted by the Manager. The application period is contemplated to commence today on 13 February 2017 at 16:30 (CET) and to close on 14 February 2017 at 08:00 (CET). The Company, together with the Manager, reserves the right to close or extend the application period at any time at their sole discretion and on short notice.

Allocation of the New Shares will be determined at the end of the book-building process. The final allocation and resolution will be made at the Board's sole discretion.

The Private Placement and connected capital increase will be subject to (i) final resolution by the Board based on the authorization to increase the share capital resolved by the Company's annual general meeting on 27 April 2016, and (ii) approval of the corresponding share capital increase by the FSA. The New Shares will be registered with the Norwegian Register of Business Enterprises (Foretaksregisteret) and VPS (the Norwegian Central Securities Depository) and listed on Oslo Børs as soon as reasonably practicable following the approval from the FSA.

The Company will announce the result of the Private Placement, the number of shares allocated and the final subscription price in the Private Placement through an announcement expected to be published before opening of trading on Oslo Børs tomorrow, 14 February 2017.

The following members of the management and board and large shareholders have committed to subscribe in the Private Placement at the price determined through the book-building:

In addition, the Private Placement has obtained significant support from the existing shareholder base.

Subject to receipt of the share contribution in the Private Placement, NFH intends to carry out a subsequent repair offering (the "Subsequent Offering") of new shares directed towards shareholders in the Company as of 13 February 2017, as registered with the VPS on 15 February 2017, who were not given an opportunity to participate in the Private Placement and who are not resident in a jurisdiction where such offering would be unlawful or, for jurisdictions other than Norway, would require any prospectus, filing, registration or similar action. The subscription rights in the Subsequent Offering will not be listed on Oslo Børs or tradable.

The Company will issue a separate announcement regarding the ex. date, record date and other information for the participation in the Subsequent Offering.

Advokatfirmaet Simonsen Vogt Wiig AS has been retained as NFH's legal counsel in connection with the Private Placement.

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

Disclaimer

The information contained herein does not constitute an offer to sell or a solicitation of an offer to buy any New Shares in any jurisdiction in which such offer or solicitation is unlawful or where this would require registration, publication of a prospectus or similar action.

There will be no public offer of the New Shares in the United States. The New Shares have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act"), or under the securities law of any state or other jurisdiction of the United States and may not be reoffered, resold, pledged or otherwise transferred, directly or indirectly, except (a) outside the United States in accordance with Rule 903 or Rule 904 of Regulation S, as applicable or (b) pursuant to Rule 144A under the U.S. Securities Act by executing and delivering a separate U.S. investor representation letter to the Manager. A person in the United States or who is a "U.S. Person" (within the meaning of Regulation S under the U.S. Securities Act), may not apply for New Shares or otherwise take steps in order to subscribe or purchase New Shares unless the subscriber has confirmed to the Manager that it is a "qualified institutional buyer" ("QIB") as defined in Rule 144A under the U.S. Securities Act and if resident in California, an "institutional investor" as defined in Rule 260.102.10 under the California Corporate Securities Law of 1968, as amended, in each case acquiring the New Shares for investments purposes for its own account or for one or more accounts of another/other QIB(s), where it has investment discretion over such accounts in a transaction exempt from the registration requirements under the U.S. Securities Act by executing and delivering a U.S. investor representation letter to the Manager. The New Shares are "restricted securities" within the meaning of Rule 144(a)(3) under the U.S. Securities Act and may not be deposited into any unrestricted depositary receipt facility in the United States, unless at the time of deposit the New Shares are no longer "restricted securities".

New Shares will only be offered in the United Kingdom (a) to persons who have professional experience, knowledge and expertise in matters relating to investments and are "investment professionals" for the purposes of article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (all such persons being referred to as "relevant persons") and (b) only in circumstances where, in accordance with section 86(1)(c) and (d) of the Financial and Services Markets Act 2000 ("FSMA"), the requirement to provide an approved prospectus in accordance with the requirement under section 85 FSMA does not apply as the minimum denomination of and subscription for the New Shares exceeds EUR 100,000 or an equivalent amount. Any application or subscription for the New Shares is available only to relevant persons and will be engaged in only with relevant persons and each UK applicant warrants that it is a relevant person.

The offering of New Shares is not being made into Canada, Australia or Japan.

This press release contains forward-looking statements. Forward-looking statements are statements that are not historical facts and may be identified by words such as "believe," "expect," "anticipate," "intends," "estimate," "will," "may," "continue," "should" and similar expressions. The forward-looking statements in this release are based upon various assumptions, many of which are based, in turn, upon further assumptions. Although NFH believes that these assumptions were reasonable when made, these assumptions are inherently subject to significant known and unknown risks, uncertainties, contingencies and other important factors which are difficult or impossible to predict and are beyond its control. Such risks, uncertainties, contingencies and other important factors could cause actual events to differ materially from the expectations expressed or implied in this release by such forward-looking statements.

The information, opinions and forward-looking statements contained in this release speak only as at its date, and are subject to change without notice. Norwegian Finans Holding AS disclaims any obligation to update and revise any forward-looking statements, whether as a result of new information, future events or otherwise.

Konsernets totalresultat etter skatt i 4. kvartal utgjorde 290 millioner kroner, en økning på 43 millioner kroner fra 3. kvartal. Resultatfremgangen forklares av sterk utlånsvekst, stabile marginer, god kostnadskontroll og stabil kredittkvalitet. Danmark/Finland leverte positivt resultat i 4. kvartal før ett år med drift. Totalresultatet er påvirket av en skattegevinst fra salget av Visa Europe med en resultateffekt på 14 millioner kroner.

Den sterke kunde- og utlånsveksten fortsatte i 4. kvartal, med en utlånsvekst på 3,5 milliarder kroner, mens innskuddene økte med 2,3 milliarder kroner. Banken rekrutterte 88.300 nye kunder i 4. kvartal.

Konsernresultatet for hele året 2016 ble 924 millioner kroner, en økning på 320 millioner kroner sammenlignet med 2015. Resultatfremgangen på årsbasis forklares av kunde- og utlånsvekst, ekspansjon til Danmark og Finland, stabile marginer, fokus på kostnadseffektivitet og stabil kredittkvalitet. Totalresultatet er påvirket av gevinst fra salget av Visa Europe med en netto resultateffekt på 58 millioner kroner. Banken fikk over 333.000 nye kunder i 2016 og en utlånsvekst på 11,1 milliarder kroner.

Banken har opplevd høy utlånsvekst også i første kvartal 2017. Banken tar høyde for at kommende pilar 2-krav, som forventes kommunisert tidligst i løpet av andre kvartal 2017, vil medføre et høyere krav til kapitaldekning fremover. Styret har på den bakgrunn besluttet at det skal gjennomføres en forhøyelse av egenkapitalen gjennom en rettet emisjon på om lag 500 millioner kroner. Kapitalforhøyelsen forventes å øke ren kjernekapitaldekning med 2,3 %. Bank Norwegian hadde en ren kjernekapitaldekning på 13,7 % ved utgangen av 2016. Samtidig med kapitalforhøyelsen, vil banken i en periode anpasse utlånsveksten for å bringe kapitaldekningen på et målsatt nivå. Eksisterende kapitalbase og interngenerering av kapital anses tilstrekkelig for bankens vekstambisjoner.

Banken har ved utgangen av 2016 en kundemasse på 940.900 kunder, fordelt på 673.400 kredittkortkunder, 147.100 lånekunder og 120.400 innskuddskunder.

Banken støtter regjeringens forslag om å etablere et gjeldsregister for det norske markedet og Finans Norges initiativ om etablering av en bransjenorm for markedsføring av kredittkort og forbrukslån i Norge.

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 lån og innskudd i Danmark og Finland, mens kredittkort ble lansert i juni 2016.

Bank Norwegian skal være en nettbank som leverer enkle og konkurransedyktige produkter i personkundemarkedet. Virksomheten baseres på ledende e-handelsløsninger, synergier med flyselskapet Norwegian, attraktive betingelser til kundene, kostnadseffektiv drift og effektiv risikoseleksjon.

For ytterligere informasjon, se årsrapport for 2016 og investorpresentasjon for 4. kvartal 2016 som ligger tilgjengelig på:

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

For eventuelle spørsmål kan du ringe;

Konstituert administrerende direktør Pål Svenkerud; tlf nr: 93403904

https://www.banknorwegian.no

Denne opplysningen er informasjonspliktig etter verdipapirhandelloven §5-12

Den sterke kunde- og utlånsveksten fortsatte i 3. kvartal, med en utlånsvekst på 2,7 milliarder kroner, mens innskuddene økte 2,5 milliarder kroner. Banken rekrutterte 94.700 nye kunder i 3. kvartal.

Bank Norwegian har en sterk kapitalsituasjon med en ren kjernekapitaldekning på 14,0 %. Banken styrket kapitalsituasjonen ytterligere i 3. kvartal gjennom utstedelse av 210 millioner kroner i fondsobligasjoner og 100 millioner kroner i ansvarlig lån.

Banken opprettholdt den sterke likviditetsposisjonen i 3. kvartal gjennom god innskuddsvekst.

Banken har ved utgangen av 3. kvartal 2016 en kundemasse på 852.600 kunder, fordelt på 609.900 kredittkortkunder, 131.400 lånekunder og 111.300 innskuddskunder.

Bank Norwegian er et heleiet datterselskap av det børsnoterte selskapet Norwegian Finans Holding ASA. 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 virksomhet i Danmark og Finland, hvor det i første omgang ble tilbudt lån og innskudd, mens kredittkort ble lansert i juni 2016.

Bank Norwegian skal være en nettbank som leverer enkle og konkurransedyktige produkter i personkundemarkedet. Virksomheten baseres på ledende e-handelsløsninger, synergier med flyselskapet Norwegian, attraktive betingelser til kundene, kostnadseffektiv drift og effektiv risikoseleksjon.

For ytterligere informasjon, se delårsrapport for 3. kvartal 2016 og investorpresentasjon for 3. kvartal 2016 som ligger tilgjengelig på:

https://www.banknorwegian.no/Pages/InvestorRelations.aspx?y=2016

For eventuelle spørsmål kan du ringe;

Administrerende direktør Erik Jensen; tlf nr: 92634501
eller Finansdirektør Pål Svenkerud; tlf nr: 93403904

https://www.banknorwegian.no/

Bank Norwegian vurderer å utstede en fondsobligasjon inntil NOK 240 millioner og et ansvarlig lån på inntil NOK 200 millioner. Banken vil i den forbindelse holde en investorpresentasjon i Oslo.

Finanstilsynet har godkjent låneopptaket.

Bank Norwegian har engasjert Sparebank 1 Markets og Arctic Securities som tilretteleggere av de mulige transaksjonene.

Kontaktperson hos Sparebank 1 Markets: Christian Rambjør -tel +47 24 13 37 58 Kontaktperson hos Arctic Securities: Anders Berger – tel +47 21013272

Kontaktperson hos Bank Norwegian:
Pål Svenkerud, CFO, tel: +47 93 40 39 04 

Konsernets totalresultat utgjorde 221,5 millioner kroner, sammenlignet med 164,9 millioner kroner i 1. kvartal 2016.

Banken viser en sterk resultatfremgang i alle markeder. Resultatfremgangen forklares av sterk utlånsvekst, stabile marginer, god kostnadskontroll og stabil kredittkvalitet.

Den sterke kunde- og utlånsveksten fortsatte i 2. kvartal, med en utlånsvekst på 2.380 millioner kroner, mens innskuddene økte 3.713 millioner kroner. Banken rekrutterte 81.300 nye kunder i 2. kvartal.

Som følge av sterk vekst, ble det i andre kvartal foretatt en emisjon på til sammen 340 millioner kroner og Norwegian Finans Holding ASA ble notert på Oslo Børs 17. juni 2016 med tickerkoden NOFI.

Bank Norwegian har en sterk kapitalsituasjon med en ren kjernekapitaldekning på 14,0 %.

Banken opprettholdt den sterke likviditetsposisjonen i 2. kvartal ved hjelp av god innskuddsvekst.

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 virksomhet i Danmark og Finland, hvor det i første omgang ble tilbudt lån og innskudd, mens kredittkort ble lansert i juni 2016.

Banken har ved utgangen av 2. kvartal 2016 en kundemasse på 757.900 kunder, fordelt på 543.000 kredittkortkunder, 113.300 lånekunder og 101.600 innskuddskunder.

Bank Norwegian skal være en nettbank som leverer enkle og konkurransedyktige produkter i personkundemarkedet. Virksomheten baseres på ledende e-handelsløsninger, synergier med flyselskapet Norwegian, attraktive betingelser til kundene, kostnadseffektiv drift og effektiv risikoseleksjon.

For ytterligere informasjon, se delårsrapport for 2. kvartal 2016 og investorpresentasjon for 2. kvartal 2016 som ligger tilgjengelig på:

https://www.banknorwegian.no/Pages/InvestorRelations.aspx?y=2016

For eventuelle spørsmål kan du ringe;

Administrerende direktør Erik Jensen; tlf nr: 92634501
eller Finansdirektør Pål Svenkerud; tlf nr: 93403904

https://www.banknorwegian.no/

Totalresultatet for Norwegian Finans Holding konsernet i første kvartal utgjorde 164,9 millioner kroner, sammenlignet med 229,7 millioner kroner i fjerde kvartal 2015.

Resultatutviklingen må ses i sammenheng med at banken har implementert IFRS fra 1. januar 2016. Forventet vederlag på 60,4 mill.kr fra salget av Visa Europe er innregnet i 4. kvartal 2015 samt at sikringsfondsavgiften for 2016 på 11,3 mill.kr er kostnadsført i sin helhet i 1. kvartal. I tillegg er 1. kvartal det første fulle driftskvartalet for Danmark og Finland, som medfører en negativ resultat effekt på 22,7 mill.kr.

Banken leverer en sterk resultatfremgang i Norge og Sverige, samtidig som Danmark og Finland utvikler seg bedre enn forventet. Resultatfremgangen forklares av en rekordsterk utlånsvekst, stabile marginer, god kostnadskontroll og stabil kreditt kvalitet.

Den sterke kunde- og utlånsveksten tiltok i 1. kvartal, med en utlånsvekst på 2.482 millioner kroner, mens innskuddene økte 2.561 millioner kroner. Det var spesielt sterk utlånsvekst i Norge og Finland. Banken rekrutterte 68.900 nye kunder i 1. kvartal.

For å utnytte de betydelige vekstmulighetene i nye og eksisterende markeder har Norwegian Finans Holding gjennomført en rettet emisjon på 300 millioner kroner og en etterfølgende reparasjonsemisjon på 40 millioner kroner vil bli gjennomført i løpet av juni. Bank Norwegians sterke kapitalsituasjon vil bli ytterlige styrket etter kapitalinnhentingen.

Banken opprettholdt den sterke likviditetsposisjonen i 1. kvartal.

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 virksomhet i Danmark og Finland, hvor det i første omgang tilbys lån og innskudd. Kredittkort vil bli lansert i Danmark og Finland i juni 2016.

Banken har ved utgangen av 1. kvartal 2016 en kundemasse på 676.600 kunder, fordelt på 490.800 kredittkortkunder, 96.600 lånekunder og 89.200 innskuddskunder.

Bank Norwegian skal være en nettbank som leverer enkle og konkurransedyktige produkter i personkundemarkedet. Virksomheten baseres på ledende e-handelsløsninger, synergier med flyselskapet Norwegian, attraktive betingelser til kundene, kostnadseffektiv drift og effektiv risikoseleksjon.

For ytterligere informasjon, se delårsrapport for 1. kvartal 2016 og investorpresentasjon for 1. kvartal 2016 som ligger tilgjengelig på:

https://www.banknorwegian.no/Pages/InvestorRelations.aspx?y=2016

For eventuelle spørsmål kan du ringe;

Administrerende direktør Erik Jensen; tlf nr: 92634501

eller Finansdirektør Pål Svenkerud; tlf nr: 93403904

https://www.banknorwegian.no/