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Instabank Offloads Nonperforming Loans in Finland, Norway

MT Newswires·11/09/2026 04:21:50
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04:21 AM EST, 11/09/2026 (MT Newswires) -- Norwegian digital lender Instabank (INSTA.OL) agreed to sell its nonperforming unsecured loans in Norway and Finland that have been in debt collection for over six months as of Sept. 30. The sale price exceeds the net book value of the portfolio, which has a gross book value of 217 million Norwegian kroner, according to a Monday release. The transaction, expected to close in 2026, will have a positive effect on Instabank's operating profit and strengthen its capital ratios.