Resurs Bank extends its ABS financing – a sign of strength and trust
In line with Resurs’s strategy of long-term diversified financing Resurs Bank is extending its existing ABS financing. The financing framework is for SEK 2 billion and is being carried out with JP Morgan Chase Bank.Resurs Bank signed an agreement on 19 November 2020 to extend the existing ABS financing. It comprises a securitisation of consumer loans, which is a form of structured financing known as asset-backed securities (ABS). The extension means that a new 18-month revolving period has now commenced. This financing has been arranged with JP Morgan Chase Bank. “Entering into a