Year-end Report 2020 January-December Nordax Bank AB
Highlights January-December 2020 · Total lending amounted to SEK 27.7 billion (SEK 25.3 as of 31 December 2019). · Total Secured loans (mortgage loans and equity release mortgages) amounted to SEK 9.6 billion and accounted to 36 % of total lending. · Nordax savings offer continued to attract many new customers, as a result of which total deposits grew to SEK 24.2 billion (SEK 19.2 billion as of 31 December 2019). · Total credit losses of SEK 416 million in the period, of which SEK 39 million consists of extra provisions related to COVID-19. Business development personal