B2 Impact ASA/Nkr B2I

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About B2 Impact ASA

B2 Impact ASA, headquartered in Oslo, Norway, specializes in the purchase, management, and collection of unsecured and secured non-performing loans. The company also offers services such as telemarketing, fraud prevention, and credit information. Operating across 20 European countries, including Norway, Sweden, Denmark, Finland, Estonia, Latvia, Lithuania, Poland, Spain, the Czech Republic, Italy, France, Romania, Greece, Cyprus, Slovenia, Croatia, and Serbia, B2 Impact provides liquidity solutions to financial institutions and promotes financial improvement through transparent and ethical debt management. Originally founded in 2008 as B2Holding ASA, the company rebranded to B2 Impact ASA in September 2023 to reflect its strategic focus. In 2024, S&P Global Ratings upgraded B2 Impact's credit rating to BB- from B+, citing the company's steady competitive position and solid investment performance.
Ticker
Nkr B2I
Sector
Finance
Primary listing
XOSL
Employees
1,342
Headquarters
Oslo, Norway
Website
www.b2-impact.com

B2 Impact ASA Metrics

BasicAdvanced
kr 9B
13.10
kr 1.84
0.61
kr 1.90
7.88%

Bulls say / Bears say

Q2 showed strong operating momentum: unsecured collection performance rose to 117%, adjusted EPS increased 21% year on year to NOK 0.66, and adjusted net profit reached NOK 246 million. Management raised its 2026 targets to at least NOK 2.25 EPS and roughly 16% ROE. (Inderes)
The balance sheet and funding position have improved. S&P upgraded B2 Impact to BB with a stable outlook, citing lower interest costs, deleveraging, stronger EBITDA and no material debt repayments or maturity concentration over the next three years. (Euronext)
B2 Impact is expanding its earnings base through fresh portfolio purchases, with NOK 3.1 billion invested or committed in 2026 by the end of Q2 and estimated remaining collections of NOK 28.9 billion. Its March purchase of about 14,000 non-performing-loan accounts from DNB also strengthens its position in Norway. (Inderes, Inderes)
The earnings profile remains dependent on collection outperformance, while secured collections were lower in Q2. If future recoveries return closer to plan or secured portfolios weaken further, earnings growth could slow. (Inderes)
Growth is requiring heavy capital deployment: the company invested NOK 1.3 billion in Q2 and leverage increased to 2.1 times, while the liquidity reserve fell to about EUR 320 million. That leaves less room for error if newly acquired portfolios underperform. (Inderes)
B2 Impact still depends on wholesale refinancing and carries below-investment-grade debt ratings. Its new EUR 150 million bond has a floating coupon of three-month EURIBOR plus 2.65%, leaving funding costs exposed to rate movements and credit-market conditions. (Inderes, Inderes)
Data summarised monthly by Lightyear AI. Last updated on 16 Sept 2026.

Funds containing B2 Impact ASA

AllEURGBP
Funds
Fund name
Fund size
Nkr B2I weighting
Xtrackers MSCI Europe Small Cap€DX2J
€3.2B0.03%
Xtrackers MSCI Europe Small Cap£XXSC
£2.8B0.03%
SPDR MSCI All Country World IM€SPYI
€7.5B0.00%
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Market data provided by CBOE Europe and Deutsche Börse.