NOBA Bank Group | Investments | Nordic Capital

NOBA Bank Group

Digital Consumer Bank

NOBA Bank Group (publ) is a leading niche bank group in Northern Europe focusing on large, long duration personal loans, mortgages, credit cards and deposit accounts.

With a diversified offering through three brands, Nordax Bank, Bank Norwegian and Svensk Hypotekspension, NOBA has the size, skill, and scale to enable healthier finances for more.

Company Background

  • Leading specialist bank group in the Nordics with a focus on financial inclusion and responsible lending and sustainable organisation.
  • Nordax, Bank Norwegian and Svensk Hypotekspension have the scale and resources to be a leading force in shaping the future of consumer finance.
  • The offering includes innovative solutions that will challenge the large incumbent banks for the benefit of customers.

Vision & Outlook

  • Support NOBA to become a leading force in shaping the future of consumer finance. Further develop NOBA's best-in-class digital customer experience.
  • Invest in products and solutions that ensure responsible lending and financial inclusion.

Highlights & Updates

  • Nordax launched a recommended voluntary cash offer for all shares in Bank Norwegian in July 2021 and completed the public offer in November 2021.
  • In 2023, Nordax Group changed its name to NOBA Bank Group.
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SECTOR

Financial Services

REVENUES 2023

EUR 705 million

EMPLOYEES

595

OWNERSHIP

Fund VIII, Fund IX

INVESTMENT DATE

2017

HEAD OFFICE

Stockholm, Sweden

MANAGEMENT

Jacob Lundblad

CEO

Patrick MacArthur

CFO

CHAIRPERSON

Hans-Ole Jochumsen

RESPONSIBLE ADVISOR

Christian Frick

Partner | Head of Financial Services

Nordic Capital's Financial Services focus

Nordic Capital is a leading investor in Financial Services, with an unrivalled track record in the Nordic market, focusing on segments with strong underlying fundamentals such as Savings/Wealth Management, Retail Lending and Debt Collection.

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