Oslo, 10 December 2020 – Kraft Bank has today been admitted to trading on Euronext Growth (ticker code: KRAB).
Kraft Bank offers refinancing of mortgages and unsecured loans to individuals with a challenging personal economy.
“The listing facilitates more efficient trading in our stock. At the same time, Kraft Bank gets better visibility to investors, and equips us for any future capital raising,” said CEO Svein Ivar Førland.
“Our market is growing and the good development of the bank since its inception in May 2018 is expected to continue in the coming years," continued Førland.
The bank has been listed on Euronext NOTC, the Norwegian marketplace for unlisted shares. The closing price of NOK 12 per share on Euronext NOTC gives Kraft Bank a market capitalisation of NOK 504 mill.
Øivind Amundsen, President and CEO of Oslo Børs, rang the børs bell together with Kraft Bank employees to celebrate the listing.
Video of the bell ceremony: https://youtu.be/OeSPZ3dzwI8
About Kraft Bank Kraft Bank offers refinancing of mortgages and unsecured loans to individuals that due to a challenging personal economy and/or challenging liquidity cannot refinance at a regular bank. Kraft Bank is an independent bank with office in Sandnes. The bank’s only products are loans to and deposits from individuals in Norway. Kraft Bank is a member of the Norwegian deposit guarantee scheme. kraftbank.no/om-kraft-bank/