An unknown buyer entered into an agreement to acquire Non-performing loans (NPL) portfolio of Instabank ASA from Instabank ASA (OB:INSTA) on November 30, 2020. As a result of the transaction, Instabank's total NPL ratio will drop from 7.1 % to 6.3 %, based on the situation at the end of the third quarter of 2021. The transaction will be finalized in December 2021 and is expected to have a positive earnings impact in Q4 2021.

The transaction is expected to be closed in the 1st quarter of 2022.