Nordax publishes the Annual Report for 2016
Nordax Annual Report, Sustainability report and Risk- and Capital adequacy reports for 2016 has been published on www.nordaxgroup.com.
As an integral part of the Annual Report, Nordax for the first time present a Sustainability report in accordance with Global Reporting Initiative, version G4, core level.
For more information, please contact
Andreas Frid, Head of Investor Relations, Nordax
Tel: +46 705 29 08 00
E-mail: ir@nordax.se
About Nordax
Nordax is a leading niche bank in Northern Europe providing personal loans and deposit accounts to private individuals in Sweden, Norway, Finland, Denmark and Germany. Nordax had nearly 150.000 deposit and lending customers at year-end. Nordax employs about 200 people, all working in its office in Stockholm. 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 approximately 50 years old and has an income in line with or above the national average. As of December 31, 2016 lending to the general public amounted to SEK 12.8 billion and deposits amounted to SEK 7.1 billion. Nordax has been supervised by the Swedish Financial Supervisory Authority since 2004 and deposits are covered by the Swedish deposit guarantee scheme. Read more on www.nordaxgroup.com. For more information about Nordax’s customer offerings, read more on each country’s web site: www.nordax.se, www.nordax.no, www.nordax.fi and www.nordax.de.
This information is information that Nordax Group AB is obliged to make public pursuant to the Securities Markets Act. The information was submitted for publication at 14.30 CET on 22 March 2017.
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