Recently asked investor relations questions
To ask a question, please send the question to ir@aprila.no.
Over the past few months, we have been exploring the possibility of relocating our headquarters and banking licence to a jurisdiction with more favourable capital requirements. We have now shortlisted two countries and aim to conclude the assessment during the fall. It is not necessary to have initiated lending operations in another country in order to move the licence. However, there may be a requirement to commence lending in the country where you apply for a licence, in line with relevant EBA guidelines.
Our understanding is that we fulfil the requirements for using retail classification. Our CET1 ratio stood at 31.4% as of 30 June 2025 and would have been 26% if no exposures had been classified as retail exposures. Retail classification is not somehthing that applies to the bank as such, but to the bank’s exposures. EBA’s guidelines on proportionate retail diversification methods were expected to be published in July but have not yet been issued. Based on our current understanding, we expect to meet the requirements under the forthcoming guidelines. This strong capital position provides us with a significant buffer above regulatory requirements and positions us well to support further growth. At present, our priority is to deploy capital to drive profitable expansion, while continuously assessing the most efficient use of our capital base.
We continuously evaluate opportunities to optimise our capital structure, including the potential use of additional Tier 1 or Tier 2 instruments.
The project remains a key priority for the management and the board. While work is progressing, we want to avoid providing “placeholder” updates that add little insight and could inadvertently signal our plans to competitors before the process is sufficiently advanced. Our goal is to communicate only when we have concrete information that is both useful to shareholders and compliant with regulatory requirements.
Yes, that is correct. In Q1 2025, we reported a negative net cash flow from operating activities of NOK -68.0 million. The primary driver was strong loan growth to customers, amounting to NOK 132.5 million during the quarter, while customer deposits (savings accounts) increased by only NOK 25.1 million. This is in line with our strategy of funding growth through existing liquidity. The bank continues to maintain a solid liquidity buffer and strong capital position, with a CET1 ratio of 29.2%.
We’re currently working on the matter and will revert with more information as soon as we have any concrete information to convey.