Nordax Bank AB (publ) changes name to NOBA Bank Group AB (publ)
Reference is made to the press release published on 8th of March 2023 in which Nordax Bank AB (publ) announced that it had initiated a process to change its company name to NOBA Bank Group AB (publ). The name change has now been registered with the Swedish Companies Registration Office, after receiving approval from the Swedish Financial Supervisory Authority. The company’s listed bonds are expected to be traded under the ticker “NOBA” on Nasdaq Stockholm, Oslo Børs and Nordic ABM, respectively, on or about 9th of June 2023
Stockholm, Sweden, 7th of June 2023: The change of company name from Nordax Bank AB (publ) to NOBA Bank Group AB (publ) (“NOBA Bank Group” or the “Company”) has now been registered with the Swedish Companies Registration Office (Sw. Bolagsverket), following approval from the Swedish Financial Supervisory Authority (Sw. Finansinspektionen).
As a result of the name change, the Company’s Norwegian branch’s name will be changed to “Bank Norwegian, en filial av NOBA Bank Group AB (publ)” upon registration in the Norwegian Business Register of Enterprises (Nw. Foretaksregisteret). The group companies Nordax Group AB and Nordax Holding AB (publ) have also changed their company names to NOBA Group AB (publ) and NOBA Holding AB (publ), respectively.
With this, all three existing brands, Bank Norwegian, Nordax Bank and Svensk Hypotekspension, are gathered under the group name NOBA. The brands, including Nordax Bank, will, as before, continue to operate separately and the customers are not affected by the change of group name.
Jacob Lundblad, CEO, comments:
“We are doing this name change to further emphasize that we are one group of vertical financial offerings with one common mission - to enable healthy finances for more people. We call this powerful combination of skill, scale and diverse offerings for aggregated verticals. We strongly believe that grouping vertical offerings is not only required to meet a wider target audience today, but also necessary to meet their needs tomorrow. As a group with several brands, we are also able to create economies of skills and scale. This results in fine-tuned financial offerings, tailored to various needs and expectations. I am really looking forward to our continued growth journey.”
NOBA Bank Group has requested to use the ticker "NOBA" on Nasdaq Stockholm, Oslo Børs and Nordic ABM, respectively, and the Company’s listed bonds are expected to be traded under the new name on or about 9th of June 2023. The ISIN codes of the Company's bonds will remain the same, but the instrument tickers are expected to be changed in accordance with the below.
Nasdaq Stockholm
ISIN SE0013360575– ticker NOBA 0104 (previously NORDAX 0104);
ISIN SE0016274310 – ticker NOBA 105 (previously NORDAX 105); and
ISIN SE0012013134 – ticker NOBA 201 (previously NORDAX 201).
Oslo Børs and Nordic ABM
ISIN NO0011142572 – ticker NOBA01 (previously NDX01);
ISIN NO0010833320 – ticker NOBA19 PRO (previously NDX19 PRO);
ISIN NO0010833130 – ticker NOBA20 (previously NDX20);
ISIN NO0010871155 – ticker NOBA28 (previously NDX28);
ISIN NO0010871296 – ticker NOBA29 (previously NDX29);
ISIN NO0010952823 – ticker NOBA30 (previously NDX30); and
ISIN NO0010952831 – ticker NOBA31 (previously NDX31).
Investor information about the Company and the NOBA group is available at www.noba.bank.
For further information, please contact:
Mats Benserud, Group Head of Investor Relations
ir@noba.bank
+47 95 89 15 39
Oliver Hofmann, Head of Communication & ESG
press@noba.bank
About NOBA Bank Group
With a diversified offering through three brands, Nordax Bank, Bank Norwegian and Svensk Hypotekspension and 2 million consumers, we have the size, skill, and scale to enable healthier finances for more. NOBA collects specialized, customer centric financial offerings that is sustainable for the individual, the bank and the society at large, today and tomorrow. NOBA Bank Group AB (publ) (“NOBA”) is owned by Nordic Capital Fund IX, Nordic Capital Fund VIII and Sampo. Today the NOBA group has approximately 650 employees and are active in 7 markets.
As of 31 March 2023, lending to the public amounted to SEK 93.7 billion and deposits to SEK 80.1 billion. Read more about NOBA and our brands at www.noba.bank
This information is subject to the disclosure requirements pursuant to Oslo Rule Book II – Issuer Rules and the Nordic ABM Issuer Rules. This information was submitted for publication through the contact persons set out above at 3:30 p.m. CEST on 7 June 2023.