Decision in Tax Case Regarding Financial Instruments
On 18 December 2025, the Tax Appeals Committee granted Kommunalbanken a favourable decision in a tax appeal concerning financial instruments.
Kommunalbanken have previously received decisions to amend tax assessments for the income years 2014–2021. These changes related to the timing and treatment of financial instruments for tax purposes, and parts of the decisions were appealed.
The favourable decision means that previously taxable income will be classified as debt, resulting in an overall reduction in taxable income for prior years. As a consequence, Kommunalbanken will receive a refund of previously overpaid taxes amounting to 1 billion NOK, along with interest compensation. The deferred tax asset on the balance sheet will be reduced by 1 billion NOK. The accounting effects will be recognised in the Bank’s financial statements for 2025.
