Nordax Group AB is a Sweden-based niche bank with focus on clients with an income above national average. The Bank specializes in the underwriting process of loans and offers unsecured consumer loans and deposit accounts to customers. It is the parent company of the Nordax Group and operates, among others, through Nordax Bank AB (publ) in Sweden, Norway, Finland, Germany and Denmark. The Bank's funding sources include asset-backed securities, senior unsecured bonds, retail deposits, equity, subordinated debt, and warehouse funding facilities provided by international banks. It is divided into five geographical segments: Sweden, Norway, Finland, Denmark and Germany. Vision Capital Partners holds a minority stake in the Bank.
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