NOBA Group AB (publ)

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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.

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Fitch upgrades Nordax’s securitised consumer loans

Mon, Oct 19, 2015 16:30 CET

Fitch Ratings has upgraded the Scandinavian Consumer Loans III’s class B and class C notes and affirmed the class A notes. A securitised portfolio of unsecured consumer loans to Swedish individuals originated by Nordax Bank AB (publ), a subsidiary to Nordax Group AB (publ), and issued by Nordax Sverige 3 AB (publ), a subsidiary of Nordax Bank AB (publ), has been upgraded by Fitch Ratings. The transaction featured an initital revoling period of 36 months, which ended in December 2014. A step-up in the note margins is due in December 2015. The upgradings are as follows: · 565.2

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Fitch upgrades Nordax’s securitised consumer loans