Digital bank Instabank gets admitted to trading at Oslo Bors
Source: FinanceFeeds
A total of 17 banks have been admitted to listing or trading at Oslo Børs since 2015.
Instabank has today been admitted to trading on the Merkur Market of Oslo Børs.
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.“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.“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.A total of 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.
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