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pressrelease

Nordax issues SEK 500 million of senior unsecured bonds

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PRESSRELEASE

Nordax Bank issues SEK 350 millions of subordinated Tier 2 bonds  

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Financial reports

Nordax interim report January-June 2019

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Nordax is a leading specialistbank in Northern Europe owned by Nordic Capital and Sampo. The client base today consists of 195.000 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, equity release products and savings accounts.

Since 2019 Svensk Hypotekspension, which are specialists in equity release products, is a fully-owned susbsidiary to Nordax Bank. Nordax has about 200 employees where almost all employees (except Svensk Hypotekspension works 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 June 2019 the lending to the public amounted to 22.4 bn SEK and deposits from the public amounted to 17.7 bn SEK.

Nordax Group AB (publ) was previously 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).