Finance Feeds logo

Digital bank Instabank gets admitted to trading at Oslo Bors

Maria Nikolova

A total of 17 banks have been admitted to listing or trading at Oslo Børs since 2015.

Instabank has today been admitted to trading on the Merkur Market of Oslo Børs.

Instabank is a fully digital bank that offers loan products, savings and insurance to consumers in Norway, Sweden and Finland. The bank also offers payment solutions for businesses.

“Thanks to our admission to trading at Oslo Børs, everything is now in place for new and existing shareholders to join us in achieving our growth plans. We are now traded on a well-known marketplace, and this will create increased awareness of the bank and raise its profile among investors, business partners, suppliers and customers”, comments Robert Berg, the CEO of Instabank.

“We have taken strategic steps in order to become an attractive paytech partner to businesses that want to develop their business model. As a fully digital, cost-efficient bank, we have a strong competitive advantage in this market”, explained Robert Berg.

A total of 17 banks have been admitted to listing or trading at Oslo Børs since 2015. These banks have together raised a total of NOK 10.6 billion in new equity in connection with and following their admission to listing or trading. Eleven of the banks that have been admitted to listing or trading are savings banks.

Oslo Børs is also an important source of debt capital for these banks. Their borrowing through debt instruments listed on Oslo Børs marketplaces currently totals NOK 1195 billion.

Subscribe

Read this next

Institutional FX

FXSpotStream volumes hit 14-month high in November

FXSpotStream’s trading venue, the aggregator service of LiquidityMatch LLC, reported its operational metrics for November 2023, which moved higher on a monthly basis.

Digital Assets

Circle denies ties with Palestinian groups, TRON founder

Stablecoin issuer Circle has denied allegations that it facilitates funding for terrorist organizations.

Retail FX

CySEC hits operator of Titanedge, TradeEU with €90,000 fine

The Cyprus Securities and Exchange Commission (CySEC) announced that it has imposed a fine of €90,000 on Titanedge Securities Ltd due to shortcomings in their regulatory obligations.

Institutional FX

Cboe FX volumes retreats slightly in November 2023

Cboe’s institutional spot FX platform today announced its trading volume for the month ending November 2023, which took a step back after a strong rebound in October.

Institutional FX

Alpha Group seals Cobase majority acquisition

Foreign exchange service provider Alpha Group International plc (AIM: ALPH) has finalized its acquisition of Financial Transaction Services, operating as Cobase.

Alpha FX
Digital Assets

TMNG Tokens Successfully Listed on MEXC Crypto Exchange

TMN Global proudly announces the successful listing of its native TMNG token on the MEXC crypto exchange, effective December 1st, 2023. This strategic partnership marks a significant milestone for TMN Global in the crypto space.

Institutional FX

Marex completes acquisition of TD Cowen’s PB business

London-headquartered commodities broker Marex has completed the acquisition of TD Cowen’s prime brokerage and outsourced trading business, which will be integrated into Marex’s capital market division. This division was established following the acquisition of ED&F Man Capital Markets in 2022.

Digital Assets

Talos introduces decentralized liquidity and onchain settlement with Uniswap and Fireblocks

“At the cornerstone of the DeFi ecosystem, Uniswap has the breadth of assets and depth of liquidity that institutional traders need. And to have this partnership powered by Fireblocks, a digital assets infrastructure provider trusted by some of the most renowned institutions, is very fitting.”

Digital Assets

FINMA-regulated crypto bank SEBA Bank rebrands to AMINA

“As we look forward to 2024, our ambition is to accelerate the growth of our strategic hubs in Switzerland, Hong Kong, and Abu Dhabi, and to continue our global expansion, building on all the successes we have laid down over the past years.”

<
✖