Komplett Bank ASA: introduces lean management structure to increase market focus and adaptability

Komplett Bank, a specialised Nordic consumer finance company, today announced a
leaner management team. The new management team, which has been reduced from ten
to six members, will further advance the development and implementation of
Komplett Bank´s strategy going forward. 

Mr Eirik Holtedahl steps in as CFO of Komplett Bank. Mr Holtedahl has been with
the Bank since 2018 and has extensive experience from the industry. He currently
holds the position of Director of Credit Cards. From June 2021 until 1 October
2021, he held the position of interim CEO until Mr Øyvind Oanes took over as
CEO. Prior to joining Komplett Bank. Mr Holtedahl spent 12 years at Advanzia
Bank as CFO and deputy CEO.

Mr Holtedahl will, in addition to being responsible for a broadened and enhanced
finance function, also serve as Komplett Bank´s deputy CEO. The current CFO, Mr
Henning Fagerbakke, will take on the position of Head of Finance.

Komplett Bank is experiencing solid demand for its consumer financing solutions
across its products and markets. To ensure the best possible coordination and
focus of the Bank's commercial efforts and growth ambitions, Komplett Bank has
introduced a new Chief Commercial Officer role in the management team. Mr Enok
Hanssen, who has been with the Bank since 2017, currently holding the position
of Director of Loans and POS financing, will take on this new position. 

Additionally, in order to build a leaner and more efficient operation of the
Bank going forward, a broader COO role has been established. Mr Wilhelm B.
Thomassen, a long-term member of the top management at Komplett Bank, will
assume this role. 

"Through this reorganisation, I believe we have established a more efficient and
flexible decision-making process and increased our focus on critical parts of
the operation. This new management team consists of highly competent and
dedicated professionals, and I am convinced it forms the necessary and solid
foundation for a strong development of the Bank going forward," comments
Komplett Bank's CEO Øyvind Oanes.

Effective as of 15 January 2022, Komplett Bank's management team will be
composed of the following six members, including CEO Øyvind Oanes:

Øyvind Oanes, Chief Executive Officer (CEO)
Eirik Holtedahl, Chief Financial Officer (CFO)
Annika Ramstedt, Chief Credit Risk Officer (CCRO)
Steffen Ryengen, Chief Technology Officer (CTO)
Enok Hanssen, Chief Commercial Officer (CCO)
Wilhelm B. Thomassen, Chief Operating Officer (COO)

Further details on the management team and strategy will be presented at
Komplett Bank's fourth quarter results presentation on 10 February 2022. 

For further inquiries, please contact:  [email protected]

Øyvind Oanes, CEO 				
Komplett Bank ASA 			
+47 98 90 60 60 			

About Komplett Bank ASA:
Komplett Bank is a focused Nordic digital niche bank offering personal loans,
credit cards, deposit accounts and online point-of-sales finance products to
consumers. The target group is creditworthy customers with stable personal
finances and no payment remarks. Credit risk is managed largely by automated
processes for credit assessment and underwriting. The Bank has a diversified and
balanced distribution model utilising both public and proprietary channels.
Operational efficiency and low cost are a foundation for Komplett Bank and is
enabled by centralised operations, modern systems and digital set-up. 

This information is considered to be inside information pursuant to the EU
Market Abuse Regulation article 7 and is subject to the disclosure requirements
pursuant to section 5-12 of the Norwegian Securities Trading Act. This stock
exchange announcement was published by Henning Fagerbakke, CFO, Komplett Bank
ASA, on 12 January 2022 at 08:30 CET.

Click here for more information

© Oslo Bors ASA, source Oslo Stock Exchange

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