NOBA Bank Group AB (publ) (NOBA)
XSTO 
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NOBA Bank Group AB (publ) Profile
| - Industry | - Sector | Mr. Ahmed Khaled El-Hoshy CEO | XSTO Exchange | SE0023135298 ISIN |
| Sweden Country | 681 Employees | - Last Dividend | - Last Split | - IPO Date |
Overview
NOBA Bank Group AB (publ) is a leading European specialist bank group with its headquarters in Stockholm, Sweden. Established in 2003, it has grown to become a significant player in the financial services sector, emphasizing financial inclusion and responsible lending. NOBA operates under prominent brands, including Nordax Bank, Bank Norwegian, Svensk Hypotekspension, and DBT, and provides tailored financial products to over two million customers, including retail and SME clients.
The bank's operational reach extends across several key markets, including Sweden, Norway, Finland, Denmark, Germany, Spain, Ireland, and the Netherlands. As of 2024, NOBA is projected to generate revenues around EUR 810 million and supports a workforce of approximately 650-724 employees. The organization underwent a rebranding in June 2023, transitioning from its previous title of Nordax Bank AB (publ), and is currently owned by Nordic Capital Funds VIII & IX and Sampo. With a special focus on consumer credit, savings, and non-standard mortgages, NOBA strives to deliver innovative and sustainable financial solutions aimed at promoting healthier financial habits among individuals and within society as a whole.
Products and Services
- Private Loans: NOBA offers personalized loans that cater to individual financial needs, allowing customers to finance their aspirations with flexible repayment plans.
- Credit Cards: The bank provides various credit card options designed to meet different customer requirements, offering benefits such as cashback, rewards, and competitive interest rates.
- Specialist Mortgages: Tailored to meet the unique circumstances of borrowers, NOBA’s specialist mortgages are suited for those with non-traditional income sources or specific lending needs.
- Equity Release Mortgages: This product enables homeowners to access the value tied up in their property through a loan, providing them with funds for retirement or other expenses while allowing them to remain in their homes.
- Cross-Border Lending: NOBA facilitates cross-border loans, allowing customers in various countries to access financial products that may not be available locally, thus enhancing their borrowing options.
- Deposits: The bank offers competitive deposit accounts that help customers grow their savings while ensuring liquidity and financial security.
