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Vinge advises Lunar Bank on the sale of its Swedish consumer loan portfolio to Morrow Bank

August 20, 2024 Banking and Finance

Vinge has advised Lunar Bank A/S on the sale of its approximately SEK 1.6 billion consumer loan portfolio to Morrow Bank ASA.

The transaction comprises Lunar Bank’s entire Swedish consumer loan portfolio and will be completed as soon as the Danish FSA has approved the sale. While Lunar Bank continues to grow in the Swedish market through expansion of its offering of banking products and services, the transaction follows the strategic decision that broker lending is considered non-core for Lunar Bank and ensures that the loan portfolio is taken over by a lending specialist in Morrow Bank.

Vinge’s team consisted of Albert Wållgren, Lionardo Ojeda and Jolinn Uhlin.

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