Resurs Bank closes the acquisition of the Norwegian niche bank yA Bank

On 15 July 2015, Resurs Bank entered into an agreement with the Norwegian OTC-listed yA Holding ASA regarding the acquisition of 100 percent of the shares in its two operating subsidiaries yA Bank AS and MetaTech AS (together “yA Bank”). The acquisition has been approved by vote at yA Holding’s general meeting and Resurs Bank has received approval to close the acquisition from the Swedish Financial Supervisory Authority, the Financial Supervisory Authority of Norway and the Norwegian Competition Authority. The acquisition closed on 26 October 2015. The purchase price amounted to a