BRAbank ASA: BRA-ME - The Financial Supervisory Authority approves the merger between Easybank ASA and BRAbank ASA
Reference is made to prior announcements regarding the merger between Easybank ASA (Easybank) and BRAbank ASA (BRAbank) approved by the companies' extraordinary general meetings 16 July 2020, with the intent to create a leading digital niche bank in B2C and SME with a Nordic footprint. Easybank and BRAbank are pleased to announce that the Financial Supervisory Authority of Norway (Finanstilsynet) has approved the merger, enabling formal completion by 1 October 2020, as previously communicated. The Pillar II requirement for the merged bank has been set to 6.5%, subject to a renewed