Nordax is a leading niche bank in the Nordic region providing unsecured consumer loans and deposit accounts to more than 100,000 customers in Sweden, Norway, Finland, Denmark and Germany. Nordax employs about 200 people, all working in its office in Stockholm. Nordax was founded by six entrepreneurs with extensive risk management experience. The underwriting process is Nordax’s core competency; it is thorough, sound and data driven. Nordax’s customers are financially stable individuals. The typical customer is 49 years old and has an income above the national average. As of 30 June 2016 lending to the general public amounted to SEK 11.8 billion and deposits amounted to SEK 6.3 billion.
Nordax Group AB (publ) is listed on Nasdaq Stockholm’s main market. 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).