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Resurs signs partnership with Skandia for mortgage brokering

Resurs Bank is expanding its product portfolio by offering mortgages through a collaboration with Skandia. The focus of the partnership will be to offer Swedish consumers green loans for sustainable investments in the home.Interest in green investments in the home that can reduce energy consumption and help people balance their personal finances, such as solar panels and heat pumps, is bigger than ever. Resurs wants to be able to offer consumers loans that are both simple and flexible, targeted specifically at green investments, and the new mortgage brokering partnership with Skandia helps

Resurs Bank signs agreement with Komplett ASA

Resurs Bank AB has entered into an interim factoring agreement with Komplett ASA.Komplett Group is one of the largest e-commerce actors on the Nordic market and market leader in the office and home electronic segment when it comes to distribution and retail. The agreement encompasses a limited number of company invoices to Komplett's subsidiary Itegra, following periods of strong growth in its distribution segment. The intention is to conclude a long-term agreement. Resurs and Komplett ASA have had good experiences working together thanks to the collaboration around Komplett's

Resurs takes the lead to raise savings interest to 1.30 per cent

Resurs Bank is raising the interest rate on deposits for its variable savings accounts by 0.55 basis points to 1.30 per cent. Resurs is the first to offer private individuals and businesses an interest rate of a full 1.30 per cent on a normal savings account. This increase in interest rate comes into effect on 1 September 2022.“Savings are an important part of well-balanced everyday finances, and saving with Resurs should be attractive, simple and secure. With a substantial raise of the interest rate to 1.30%, we have an excellent offering in the market,” says Nils Carlsson, CEO of Resurs

Resurs Bank interim report Jan-Jun 2022

“There was high activity in all of our markets in the first half of the year. Lending rose 11 per cent year-on-year and we noted healthy growth in both of our segments. In the end of the period, we extended our partnership with Ellos Group AB and acquired Hemma Sverige AB’s operations and platform for green loans for energy investments in the home.” Nils Carlsson, CEO Resurs Bank AB1 january – 30 june 2022* · Lending to the public rose 11% to SEK 34,565 million, up 8% in constant currencies. · Operating income fell 1% to SEK 1 542 million   · The period included a nonrecurring

Resurs Bank to appeal Finansinspektionen’s decision in order to gain clarity on the application of the Swedish Consumer Credit Act

Resurs Bank is taking measures to fully comply with the requirements stipulated in the decision of the Swedish Financial Supervisory Authority (Finansinspektionen) on 21 June. In parallel, Resurs Bank will appeal the decision since the bank believes that the application of the Consumer Credit Act is unclear. Resurs Bank has a robust credit assessment process, which Resurs Bank’s low credit losses also bear witness to.“We completely agree with Finansinspektionen’s view that responsible credit lending is important and central for counteracting over-indebtedness, which is also why we welcome a

Resurs acquires operations for sustainable home energy investments

Resurs wants to provide more private individuals with the opportunity to invest in sustainable energy solutions for their homes and has therefore acquired the operations of Hemma Sverige AB, which include a platform for the distribution of green loans.Interest is rising in home energy investments that reduce energy consumption and improve everyday finances. By offering simple financing solutions for investments in solar panels, for example, Resurs wants to help more private individuals to invest sustainably. Therefore, Resurs has acquired Hemma’s operations as an intermediary for green

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 21 June 2022 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 financial

Swedish Financial Supervisory Authority issues a remark and an administrative fine of 50 million SEK to Resurs Bank

Swedish FSA has decided to issue a remark and an administrative fine of 50 million SEK to Resurs BankSince 2020, Finansinspektionen has examined credit assessment processes at several consumer credit market actors with the aim of checking whether the credit assessments comply with the Swedish Consumer Credit Act and Finansinspektionen’s general guidelines regarding consumer credit. Finansinspektionen has decided to issue Resurs Bank a remark, which is the lower penalty issued when the breach is not deemed to be of a serious nature, as well as with an administrative fee of 50 million SEK.

Resurs Bank and Payer are entering into a strategic partnership to develop subscription solutions for the Nordic retail market

There is a growing demand for payment solutions that contribute to the circular economy. Resurs Bank wants to offer its Nordic retail partners an end-to-end concept for subscriptions and has now entered into a strategic partnership with the fintech platform Payer.The strategic partnership between Resurs Bank and Payer will develop a subscription solution for the Nordic retail market that gives Resurs’ partners the ability to develop their business, customer contact and customer loyalty. - Resurs’ long experience in combination with Payer’s API platform and its ability to develop complex

Resurs Holding today publishes interim report for first quarter 2022

Resurs Holding is the Parent Company of Resurs Bank and the majority of Resurs Holding’s operations are conducted through Resurs Bank. The interim report is available on Resurs Holding’s website: www.resursholding.se Today marks the start of Resurs’s roll-out of a new fundamental philosophy – creating a balance in people’s everyday finances – and our new visual identity that reflects our ambition. This will also permeate Resurs’s offering and services that will create opportunities for more people to think and act sustainably both now and in the future.MORE INFORMATIONSofie Tarring

Resurs Bank publishes the Annual Report 2021

The Board of Directors and CEO hereby present the Annual Report for Resurs Bank AB (publ) for 2021. The report is in thousands of Swedish kronor (SEK) unless indicated otherwise. For additional information:Nils Carlsson, CEO, nils.carlsson@resurs.se, +46 766 44 77 00Sofie Tarring Lindell, CFO & Head of IR, sofie.tarringlindell@resurs.se, +46 73 644 33 95 This information is information that Resurs Bank AB is obliged to make public pursuant to the Securities Markets Act. The information was submitted for publication at 08:00 CET on 22 March 2022. ABOUT RESURS BANKResurs is

NCR confirms credit rating of BBB, stable outlook, for Resurs Bank

Resurs Bank today received an update from the rating company Nordic Credit Rating (NCR). The rating of BBB, stable outlook was confirmed.NCR has monitored Resurs Bank since May 2019, always assigning the company an investment grade rating. In April 2021, the rating was upgraded from BBB- to BBB, stable outlook and NCR confirmed this rating today. NCR believes that Resurs Bank’s healthy profitability together with good access to financing opportunities were some of the reasons for this decision. Furthermore, NCR states that its positive outlook for the sector as a whole stands firm. NCR also

New office in Stockholm will strengthen Resurs’s position in e-commerce

Resurs Bank has opened the doors to a new office in Stockholm with space for 30 to 40 employees. An office in one of Europe’s largest fintech centres allows Resurs to add valuable expertise and partners that can strengthen Resurs as a tech-oriented, commercially driven player in the Nordic market.In addition to its head office in Helsingborg, Resurs Bank has offices in Malmö and Borås as well as in the Nordic capital cities of Oslo, Helsinki and Copenhagen. Sweden is Resurs’s home market and as a part of the bank’s ongoing transformation journey, Resurs has now opened an office in the

Invitation to Q&A due to yesterday's press communication

Stefan Noderen, Chief Credit and NPL Officer and Sofie Tarring Lindell, CFO and Head of IR, will today 9 February 2022, at 16.00 CET, hold a webcast where there is an opportunity for analysts and investors to ask questions linked to yesterday's press communication regarding Swedish Financial Supervisory Authority’s preliminary assessment regarding Resurs Bank's credit assessment. The webcast will be conducted in Swedish and it is possible to ask written questions in the webcast. The speakers will read them aloud and answer verbally. To participate in the conference: https://tv.

Swedish Financial Supervisory Authority’s preliminary assessment of Resurs Bank’s credit assessments

Resurs Bank AB (“Resurs”) is subject to an investigation by the Swedish Financial Supervisory Authority (Finansinspektionen) for the purpose of examining whether the bank’s credit assessments comply with Chapters 6 and 12 of the Swedish Consumer Credit Act (2010:1846) and Finansinspektionen’s general guidelines regarding consumer credit (FFFS 2014:11). Today, Resurs received letter from Finansinspektionen according to which Finansinspektionen’s preliminary assessment is that Resurs Bank does not base its credit assessments on adequate data and thus is non-compliant with the Consumer

Resurs Bank Year-end report 2021

“Yet another year in the wake of the pandemic has passed and we can summarise not only an eventful 2021 in general for Resurs but also a second half-year featuring increased growth in lending and a favourable sales trend in all markets.Nils Carlsson, CEO Resurs Bank AB1 July–31 December 2021* · Lending to the public rose 8% to SEK 33,347 million, up 6% in constant currencies. · Operating income fell 8% to SEK 1,529 million · C/I before credit losses was 41.4% (42.2%) · The credit loss ratio improved to 1.7% (2.5%) · Operating profit increased 10% to SEK 626 million 1

Early redemption of subordinated Tier 2 notes issued by Resurs Bank AB (publ)

On 17 January 2022 Resurs Bank AB (publ) will redeem all of its outstanding subordinated callable Tier 2 notes with ISIN SE0009522212, SEK 300 000 000 issued on 17 January 2017.Resurs Bank will use its right to redeem the notes early according to the terms and conditions. All outstanding notes will be redeemed in full at their nominal amount, together with accrued but unpaid interest. The redemption date is 17 January 2022. The redemption price will be paid to each person who is registered as a holder in the debt register kept by Euroclear Sweden on 10 January 2022. The redemption has been

Resurs Bank issues senior unsecured bonds

In line with Resurs’s strategy of long-term diversified financing, Resurs Holding’s subsidiary Resurs Bank has issued senior unsecured bonds of SEK 550 million and NOK 150 million.Resurs Bank AB, a wholly owned subsidiary of Resurs Holding AB (Nasdaq Stockholm: RESURS), has issued senior unsecured bonds of SEK 550 million and NOK 150 million in the Nordic markets. The bonds were issued under Resurs Bank’s MTN programme, with a total framework of SEK 9 billion, and will be listed on Nasdaq Stockholm and Oslo Børs respectively. Both the Swedish and the Norwegian bonds have a three-year-

Resurs Holding today publishes interim report for third quarter 2021

Resurs Holding is the Parent Company of Resurs Bank. Besides Resurs Bank, the Group also includes the insurance company Solid Försäkring.Descriptions of the Payment Solutions and Consumer Loans segments, which comprise most of Resurs Bank’s operations, are provided on pages 12 and 13 of Resurs Holding’s interim report. Additional information about these segments are provided in Note G4 on pages 27-29.  The interim report is available on Resurs Holding’s website: www.resursholding.com  More information is available from:Sofie Tarring Lindell, CFO & Head of IR, sofie.

Resurs Bank dissolves the extra credit provision of SEK 75 million which was made due to COVID-19

In April 2020, Resurs Bank made an extra credit provision of SEK 75 million due to COVID-19, in accordance with IFRS 9. The Board of Resurs Bank AB has today resolved to dissolve the extra credit provision in its entirety.Resurs has not noted any negative trend in customer payment patterns and uncertainty regarding the ongoing economic recovery and the trend in unemployment and its associated effects on customers’ solvency have declined significantly, with credit quality instead improving. As such, the Board of Directors has resolved to dissolve the extra credit provision of SEK 75 million

Nordic Leisure Travel Group chooses Resurs’s e-commerce solution for continued focus on Nordic market

Resurs Bank will provide e-commerce solutions to Nordic Leisure Travel Group (NLTG), and its well-know Ving, Spies, Globetrotter and Tjäreborg brands, when the Group introduces a new customer offering for the Nordic market as the travel industry picks up again. Through its partnership with Resurs Bank, NLTG will be one of the first travel providers to feature a Nordic consumer offering that lives up to customer expectations for a flexible, safe and smooth experience.NLTG, the leading travel group in the Nordics featuring the well-known Ving, Spies, Globetrotter and Tjäreborg brands, is

Resurs recruits top names and presents new Group Management - focus on strengthening position in e-commerce and growth across the business

Mattias Ekman, from Klarna, who has served in various senior commercial roles, will join Resurs as CCO Nordic Retail Finance. Group Management is also being expanded to include a newly recruited CCO of the Nordic Credit Cards business line. Other changes to Resurs’s Group Management include a new CCO Consumer Loans, who will take office shortly, and the appointment of a new COO. With these changes, Resurs is focusing on strengthening its position in e-commerce and its commercial offerings in the Nordic market.Resurs has an ambitious agenda and is in the midst of a transformation journey to

Resurs to strengthen sustainability activities and launch Resurs Society

Resurs wants to contribute to a more sustainable society and a more responsible credit market. As a result, we are now launching Resurs Society, which pools all of Resurs’s concrete investments to contribute to a sustainable development for customers, partners, the industry and society as a whole.Resurs is a part of society, and influences it. With this, comes responsibility. As part of raising our ambitions as a partner of society and maintaining a rapid pace in our sustainability activities, we are launching Resurs Society, which will include starting the following initiatives:  -

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