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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:  -

Resurs Bank invests in the Nordic region’s first cloud-based banking platform that meets the needs of tomorrow’s customers

Resurs Bank is investing in a new, entirely cloud-based banking platform that creates the prerequisites to provide customers and partners with state-of-the-art services, interfaces and products. The global fintech company Intellect Design Arena will be supplying the new platform. Resurs’s investment in this IT transformation amounts to about SEK 500 million, part of which consists of Intellect’s cloud-based solution.Intellect Design Arena, one of the world’s leading suppliers of financial platforms, will become a supplier to Resurs. By investing in a new, entirely cloud-based platform,

Resurs Bank issues senior unsecured bonds

In line with Resurs’s strategy of long-term diversified financing, Resurs Bank has issued senior unsecured bonds of SEK 400 million and NOK 300 million.Resurs Bank AB has issued senior unsecured bonds of SEK 400 million and NOK 300 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-tenor, with maturity in September 2024. The Swedish bonds will carry variable interest of 3 months STIBOR +

Resurs Bank to launch direct payment solutions through its partnership with Trustly

Resurs Bank is launching direct bank payments in the Nordic market through a new partnership with Trustly. With Trustly, consumers will be able to make easy direct banking payments from any account via their internet bank. The service will be available in the Resurs Checkout solution that combines all payment methods in the same integration. The partnership fits well with broadening Resurs’s goal of offering simple ways to make direct payments.“For our customers to remain satisfied, we need to be sensitive to existing and new needs for simple payment solutions. With Trustly, which is a

Resurs to offer climate-smart investments for private customers in a new partnership with Hemma

More private individuals will soon have the opportunity of accessing Resurs Bank’s favourable consumer loans through a new partnership with the mortgage institution Hemma, a platform for the transition to sustainable homes. The partnership will make it easy and advantageous to invest in climate-smart homes and is an additional step in Resurs’s strategy of offering sustainable credit solutions.The partnership makes that Hemma’s customers soon can access favourable consumer loans via Resurs for making households more energy efficient. There are currently 2.1 million single-family homes in

Resurs Bank offers Apple Pay to all Nordic customers - A simpler, more secure and private way to pay with iPhone and Apple Watch

Apple Pay is now available to all Resurs Bank customers in the Nordics, providing a simpler, more secure and private way to pay — and uses the latest technology to protect every transaction.From today, Resurs Bank customers with a Mastercard can add their credit cards to Apple Pay. Apple Pay enables fast, simple and secure payments in stores, in apps and online. Resurs is pleased to take another deliberate step towards a more digital focused customer journey. Apple Pay has been one of the most requested functions among both retailers and private customers, particularly in the last 12 months.

Resurs is selling non-performing loans to a leading international investor

Resurs Bank AB, a wholly owned subsidiary of Resurs Holding AB, has entered into an agreement with PRA Group, a leading international investor in non-performing loans, to sell parts of Resurs Bank’s Norwegian non-performing loans for a gross carrying amount of approximately NOK 800 million. The sale will have a positive impact on Resurs Bank’s capital requirements and liquidity and a neutral effect on earnings.The sale is expected to be completed at the end of the second quarter of 2021 and is in line with the strategy for the management of non-performing loans that Resurs Bank has followed

Resurs Bank issues senior unsecured bonds

In line with Resurs’s strategy of long-term diversified financing, Resurs Bank has issued senior unsecured bonds of SEK 600 million and NOK 600 million.Resurs Bank AB has issued senior unsecured bonds of SEK 600 million and NOK 600 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. The Swedish bonds have a three-year-tenor (maturity in June 2024) and will carry variable interest of 3 months STIBOR + 1.15%. The Norwegian bonds have a two-year-

Resurs Bank to launch Google Pay for its customers at the Nordic level

Resurs Bank’s customers in the Nordic market will now have access to Google Pay, which will enable simple and secure mobile payments. Google Pay is another step in Resurs’s strategy of offering customers a broad range of digital payment solutions that enhance the customer experience.From today, all of Resurs Bank’s customers with a Mastercard can easily sign up for Google Pay. This payment service enables fast, simple and secure payments in stores, in apps and online. Resurs is thereby expanding its mobile payments offering and is taking yet another deliberate step towards a more

Resurs Holding today publishes interim report for first 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 7 and 8 of Resurs Holding’s interim report. Additional information about these segments are provided in Note G4 on pages 22-23. The interim report is available on Resurs Holding’s website: www.resursholding.com More information is available from:Sofie Tarring Lindell, Head of IR & Group Control, sofie.

Resurs Bank awarded with a higher credit rating (BBB, stable outlook)

Resurs Bank has today been awarded an updated rating from the rating company Nordic Credit Rating (NCR). Resurs Bank’s credit rating was raised from BBB- to BBB based on Resurs Bank’s ability to attract new partners and an improved Nordic consumer credit market.Resurs Bank has had an investment grade rating from the rating company NCR since May 2019. Today, the rating was raised due to a more positive outlook on the Nordic consumer credit market and how the sector has handled the coronavirus pandemic overall. NCR’s assessment is that Resurs Bank’s position in the market relative to its

Resurs Bank issues senior unsecured bonds of SEK 450 million

In line with Resurs’s strategy of long-term diversified financing, Resurs Bank has issued senior unsecured bonds of SEK 450 million.Resurs Bank AB has issued senior unsecured bonds of SEK 450 million in the Nordic market. The bonds have a three-year-tenor (maturity in March 2024) and will be listed on Nasdaq Stockholm. The bonds were issued under Resurs Bank’s MTN programme, with a total framework of SEK 9 billion, and will carry variable interest of 3 months STIBOR + 1.33%. “The investors have once again shown good interest in Resurs Bank as an issuer. We’re an established issuer in

Resurs continues its transformation journey and carries out impairment of SEK 48 million

Resurs began its transformation journey in autumn 2020 with the goal of strengthening its competitiveness and growth in the Nordic market. In connection with its transformation journey, the company has conducted a review of its balance sheet and identified an impairment requirement of SEK 48 million, of which SEK 38 million relates to capitalised IT investments. The impairment will affect operating profit for the fourth quarter of 2020 but has no effect on liquidity and only a marginal effect on the capital base.Resurs’s transformation journey began by creating a more efficient organisation

Resurs confirms its strength by selling non-performing loans to a leading international investor

Resurs Bank has entered into an agreement with a leading international investor in non-performing loans to sell parts of Resurs Bank’s non-performing loans for a gross carrying amount of just over SEK 500 million. The sale will have a positive impact on Resurs Bank’s capital requirements and liquidity and a neutral effect on earnings.The sale is expected to be completed at the end of the fourth quarter of 2020 and is in line with the strategy for the management of non-performing loans that Resurs Bank has followed since the autumn of 2018. The strategy aims to continuously sell non-

Strong investor interest initiates issue of senior unsecured bonds of SEK 200 million

In line with Resurs’s strategy of long-term diversified financing Resurs Bank has issued senior unsecured bonds of SEK 200 million.Resurs Bank AB issued senior unsecured bonds of SEK 200 million in the Nordic market. The bonds are “tap” issues of an existing bond that matures in November 2023. The issue was prompted by investor interest. “We’re gratified for the trust that the capital market has once again shown in Resurs, this time through greater investor demand for Resurs bonds,” says Jonas Olin, CFO, Resurs. Nordea and Swedbank acted as financial consultants in connection with the

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 19 November 2020 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

Resurs Bank issues senior unsecured bonds of SEK 400 million

In line with Resurs’s strategy of long-term diversified financing Resurs Bank has issued senior unsecured bonds of SEK 400 million.Resurs Bank AB has issued senior unsecured bonds of SEK 400 million in the Nordic market. The bonds have a three-year-tenor (maturity in November 2023) and will be listed on Nasdaq Stockholm. The bonds were issued under Resurs Bank’s MTN programme, with a total framework of SEK 9 billion, and will carry variable interest of 3 months STIBOR + 1.50%. “It’s exciting to see good interest in Resurs Bank as an issuer. We’re an established issuer in the market

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