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2016-03-30

Nordax Group AB (publ): Nordax starts to offer deposits to private individuals in Germany

Nordax starts to offer deposits to private individuals in Germany as
part of the vision to become a leading niche bank in Northern Europe.
Nordax is present in Germany since 2012 and already offer lending to
private individuals. In 2015 total lending in Germany grew by around
90 per cent and amounted to 548 SEKm at year-end.

Nordax broadens its offering to private individuals by launching two
different types of term deposit accounts. The products are covered by
the Swedish deposit guarantee. Deposits are used as a complement to
Nordax other financing sources. Nordax already offer attractive
deposit products to private individuals in Sweden, Norway and
Finland.

" It's natural for us to launch savings products also in Germany after
the growth of our lending in the German market. It suits our
diversified funding strategy where we aim to match currencies on
assets and liabilities" says Morten Falch, CEO.

For more information, please contact

Andreas Frid, Head of Investor Relations, Nordax

Tel: + 46 705 29 08 00

Johanna Clason, Treasurer, Nordax

Tel: +46 8 690 18 68

E-mail: ir@nordax.se

About Nordax

Nordax is a leading niche bank in the Nordic region providing personal
loans and deposit accounts to more than 100,000 customers in Sweden,
Norway, Finland, Denmark and Germany. Nordax employs about 200
people, all working in its office in Stockholm. Nordax was founded by
six entrepreneurs with extensive risk management experience. The
underwriting process is Nordax's core competency; it is thorough,
sound and data driven. Nordax's customers are financially stable
individuals. The typical customer is 49 years old and has an income
above the national average. As of December 31, 2015 lending to the
general public amounted to SEK 10.8 billion and deposits amounted to
SEK 6.0 billion. Nordax has been supervised by the Swedish Financial
Supervisory Authority since 2004 and deposits are covered by the
Swedish deposit guarantee scheme. Read more on www.nordaxgroup.com.
For more information about Nordax's customer offerings, read more on
each country's web site: www.nordax.se, www.nordax.no, www.nordax.fi
(http://www.nordax.fi) and www.nordax.de

Nordax Group AB (publ) announces this information in accordance with
the Securities Market Act and/or the Act on Trading in Financial
Instruments and/or the Nasdaq Stockholm Rule Book. This information
was submitted for announcement on 30 March 2016 at 16.00pm CET.

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http://news.cision.com/nordax-group-ab--publ-/r/nordax-starts-to-offer-d...
http://mb.cision.com/Main/12531/9945418/494346.pdf

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