Colorful houses and blue sky in Stockholm

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Nordax Bank and Banqsoft signs agreement on new core banking solution

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PRESSRELEASE

Nordax Bank acquires Svensk Hypotekspension AB

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PRESSRELEASE

New Board of Directors in Nordax

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Nordax is a leading specialistbank in Northern Europe owned by Nordic Capital and Sampo. The client base today consists of more than 160.000 private clients in Sweden, Norway, Finland and Germany. We are a specialistbank who through responsible lending help people make informed decisions for a life they can afford. We are a flexible complement to the major banks. Instead of quantity we have specialised in a few selected products like private loans, mortgages and savings accounts.

During 2018 we reached an agreement to aquire Svensk Hypotekspension, which are specialists in equity release products. Today Nordax has about 200 employees all working from one central office in Stockholm. The credit assessment process is one of Nordax core competencies. It is thorough, sound and datadriven. Nordax customers are financially stable individuals. As of 30 September 2018 the lending to the public amounted to 15.0 bn SEK and deposits from the public amounted to 10.7 bn SEK.

Nordax Group AB (publ) was listed on Nasdaq Stockholm’s main market until the 24 April 2018 when it was delisted due to changed ownership after a public bid during 2018. Nordax is now owned by NDX Intressenter AB (a company controlled by Nordic Capital Fund VIII and Sampo.  Nordax Group AB (publ) is the parent company of the Nordax group. Nordax Bank AB (publ) is the operating company within the group. Nordax Bank is licensed to conduct banking business according to the Swedish Banking and Financing Business Act (Sw. lagen (2004:297) om bank- och finansieringsrörelse) and is under the supervision of the Swedish Financial Supervisory Authority (Sw. Finansinspektionen).