Nordax is a

Specialist bank

in Northern Europe. We have more than 190.000 customers and act as a complement to main street banks. We concentrate on a few products that we are experts in like mortgages, equity release products, savings accounts and private loans. We help people make informed decisions for a life they can afford.

About Nordax

Nordax is a specialistbank in Northern Europe, providing unsecured consumer loans, mortgages and deposits to 190 000 customers in Sweden, Norway, Finland and Germany. Nordax employs approximately 230 people, all working in one office in Stockholm.  Nordax is owned by Nordic Capital Fund VIII and Sampo. Since January 2018 Svensk Hypotekspension (SHP), specialists in equity-release mortgages, is a fully-owned susbidiary to Nordax Bank. Read more about Svensk Hypotekspension here.

Mission, vision & values

Our customers can trust us with their money in our deposits, or rely on our credit rating process to get a loan they can afford. We never take our customers´ trust for granted, we earn it every day. We operate in a highly regulated environment; governance and compliance form the basis for our business. We have a responsibility towards our investors to run a sound, transparent and predictable business. In the end, in order to deliver towards all our stakeholders, we rely on our employees. We are responsible and committed.

Responsible lending

Our underwriting process is our core competency; it's thorough, sound and data driven. We pride ourselves in not taking any shortcuts. Consequently, our customers can always feel confident they will be offered a loan they can afford. Our customers can always make well-informed decisions in their own time, based on transparent and clear pricing models. This is how we earn their trust.

Sustainability at Nordax

Responsible business is central for our success. We are convinced that it generates long-term value for us and our stakeholders. If we take responsibility today we increase our conditions to run a successful business going forward.

Internal control and risk management

In order to achieve a robust internal control and risk management framework, Nordax has adopted the three lines of defense model. The three lines of defense model is the primary mean to structure roles, responsibilities and accountabilities for decision making.

Nordax business departments represent the first line of defense for risks in Nordax. The Risk Control function and Compliance function form the second line of defense and ensures that the Board of Director´s risk management and risk control policies are applied in practice within Nordax. The Internal Audit function is the third line of defense and provides assurance based on the highest level of independence and objectivity.