Kraft Bank ASA
1.23
EUR
+0.01
(+0.41%)
ISIN
NO0010815103
Return %
Stock
S&P 500
1Y
25.00
14.20
3Y
81.48
81.12
5Y
16.11
68.34
Capital Structure
NOK
•
in mil. unless spec.Working Capital
NOK
•
in mil. unless spec.Growth Rates
NOK
•
in mil. unless spec.Quarterly Revenue
NOK
•
in mil. unless spec.Quarterly Earnings Per Share
NOK
•
in mil. unless spec.Quarterly Dividends Per Share
NOK
•
in mil. unless spec.Company Description
- CEO
- Svein Ivar Førland
- Full Time Employees
- 43
- Sector
- Finance
- Industry
- Regional banks
- Address
- Sandnes Norway
- IPO Date
- May 30, 2018
- Website
- kraftbank.no
- Similar Companies
- Business
- Kraft Bank ASA is a Norwegian specialized niche bank that provides refinancing, retail banking, and loan brokerage solutions to individuals facing complex or challenging personal financial situations. Founded in 2016 and commencing banking operations in 2018, the company is headquartered in Sandnes, Norway, and is listed on Euronext Growth Oslo under the ticker symbol KRAB. Kraft Bank ASA operates primarily in Norway across two core business segments: Banking and Loan Brokerage. The company offers a systematic portfolio of lending, savings, and advisory products, including: secured refinancing loans backed by residential real estate to consolidate high-cost consumer debt, tax arrears, and payment defaults; unsecured personal loans and specialized restart financing; high-yield retail deposit accounts and notice-based savings products protected under the Norwegian Banks Guarantee Fund; and personal financial advisory and debt restructuring services designed to transition clients back into conventional banking. The bank originates its credit facilities through direct digital platforms and an extensive nationwide network of third-party loan brokers and financial agents. In recent developments, Kraft Bank ASA enhanced its capital allocation and shareholder return strategy by adopting an updated dividend policy targeting the distribution of up to 100 percent of annual net profits via semi-annual tranches, supported by significant net interest margin expansion and record net profit growth across its core refinancing portfolio, while continuing its operational focus on disciplined organic loan book expansion in the Norwegian market.