Transfer of Swedish Branch Loan Portfolio
Globenewswire·2025-11-06 14:30
Core Viewpoint - Bigbank AS has ceased issuing new loans through its Swedish branch and will focus solely on deposit-taking and servicing existing loans, with the entire loan portfolio transferred to another institution [1][2]. Group 1: Business Operations - As of 1 September 2022, Bigbank AS stopped issuing new loans through its Swedish branch [1]. - On 06 November 2025, Bigbank AS transferred its entire loan portfolio from the Swedish branch to another Swedish credit institution, with transaction terms being confidential [2]. - Following the transfer, the Swedish branch will exclusively engage in deposit-taking activities, which does not materially impact the overall operations of Bigbank AS [2].