(Obi.en): in spite of a huge utlånsvekst for Power Bank since its inception in the year, not the share price performance had the same explosive characterized.

Until now.

A year after the Bjorn Maaseide-controlled bank acquired 300 million through a share issue, the share price close to doubled. That is to say, it was twice for one week ago, but has since fallen back a little.

the Placement was made at the rate of 8 dollars, a currency levels the stock vaket around until the end of the year.

So was the speed on the issues. At the most the stock has been up in 16 million.

the Last sales were made to the course 13,90 nok, which means that the stock is still up around 74 per cent.

Athletic success

A number of sportsprofiler subscribed for shares in the offering.

Among the most well known was the cyclists Thor Hushovd and Alexander Kristoff, a former olympic skier Tom Stiansen, footballers Rune Allmenning jarstein soccer and Veton Berisha, as well as ishockeyspiller Mats Zuccarello Aasen as is now done in the New York Rangers.

In addition, there were profiles that, if possible, is more known for its financial and industrial investments than sporting merits with initially, including Arne Fredly, as for the Obi.no understand sold themselves down in the fall, and Christian Ringnes.

All of them – both sporting and less-sporting – who was on placement has given that they own the shares still – thus a very handsome return on your investment already.

Of course 13,90 million, valued the company at 584 million in the OTC market, up from 336 million at the end of the year.

Maaseide is even the largest shareholder with approx. 8,6 per cent of the shares. These now have a value of around nok 50 million.

Large refinancing requirements over

the business model of to Force the Bank to offer refinancing of loans secured on dwellings and unsecured loans to persons who, because of the challenging economy and the payment problems do not get refinanced in the ordinary banks.

the Demand for such services has proven to be great.

– We have long believed that the large increase in consumer loans among the norwegians would increase the need for refinancing at customers experiencing financial challenges. But this is going faster than we expected, ” said adm.dir. Svein Ivar Førland to the Obi.en in December of last year.

There are many people, however, the bank did not have the opportunity to help, according to the former commander in Sandnes Sparebank.

– Of the enquiries we receive, we can help approximately. one of the ten customers, he said.

Approaching the billion people

So great has the demand been that the original goal was to reach a utlånsvolum at 138 million by the end of 2018, it was surpassed already in October of last year.

When the status was made up by the end of the year was the total utlånsvolumet 362 million, and thus, it was previously the target of 633 million in loans at the end of 2019 discarded.

the Bank expects continued good demand of customers. New goal for utlånsvolum per year-end 2019 is in excess of 900 million, it was in the bank’s fjerdekvartalsrapport which was published earlier this month.

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