GlobeNewswire

Bank of Åland, ICA Bank, Ikano Bank, Söderberg & Partners and Borgo starting mortgage company together in Sweden

Share


 

Bank of Åland Plc
Stock Exchange Release
September 20, 2019 9.00 a.m

Bank of Åland, ICA Bank, Ikano Bank, Söderberg & Partners and Borgo starting mortgage company together in Sweden

The Bank of Åland (Ålandsbanken), ICA Bank (ICA Banken), Ikano Bank, Söderberg & Partners and Borgo have signed an agreement on establishing a joint mortgage platform on the Swedish market.

“Launching a new mortgage company together with such strong and well-established business partners as ICA Bank, Söderberg & Partners and Ikano Bank ensures a long-term approach and stability, providing good potential to offer home mortgage loans on favourable terms. This will ultimately benefit us and our partners, but naturally also Swedish mortgage customers,” says Peter Wiklöf, Managing Director of the Bank of Åland. 

The Bank of Åland and its information technology subsidiary Crosskey will supply platform solutions for the new mortgage company, as well as contributing their existing knowledge about mortgage management.

“By establishing a new mortgage company, we can compete in the mortgage market in a completely different way and further enlarge our market presence. Doing this together with such stable and strong partners involves a number of advantages that will ultimately benefit our customers. ICA Bank’s aim is to offer a smart, simple package solution for everyday finances, and obviously this includes a competitive home loan offering,” says Marie Halling, CEO of ICA Bank.

The new mortgage company will apply for permits according to the same regulations as other mortgage companies in the Swedish market. Part of its funding will come from covered bonds – which provide access to a proven and liquid funding source that will make the home loans in the platform competitive in the Swedish market.

“At Ikano Bank, we see supplying mortgages on customer-friendly terms as a natural part of our offering. With this in place, we will have an opportunity to influence the shape of our mortgage offering, which will benefit our customers and further strengthen our product range. So we are pleased to join the Bank of Åland, ICA Bank, Söderberg & Partners and Borgo now in establishing a strong new mortgage institution in the Swedish market,” says Patrik Hankers, Country Manager for Sweden at Ikano Bank.

Looking ahead, the new mortgage company will offer a complete platform of mortgage products for Swedish consumers, with a focus on a long-term approach, security and quality, as well as a vision of being able to help change the market.

“Altogether we are a group of five companies in this collaboration, with partly different backgrounds and business operations, but we all share the entrepreneurial ambition of wanting to make good things even better. Given all of our individual experience, combined with our shared vision, I am convinced that we will be able to establish an attractive alternative in the Swedish mortgage market,” says Gustaf Rentzhog, CEO of Söderberg & Partners.

The fifth partner in the collaboration is the digital mortgage company Borgo. In conjunction with the creation of the new mortgage platform, the Bank of Åland, ICA Bank, Ikano Bank and Söderberg & Partners are acquiring a majority of the shares in Borgo AB. Borgo’s management will have operational responsibility for coordinating and establishing the new mortgage company.

“It’s a huge pleasure and an acknowledgement for us at Borgo to become part of this project through the transaction, but above all to be entrusted with helping build a new mortgage platform with this unique group of strong owners. With support and resources from them, complemented by our mortgage fund, there will be good potential to create a broad, modern and innovative mortgage platform in the market – something that has always been part of our vision and that will benefit both consumers and investors,” says Gustav Berggren, CEO of Borgo.

The creation of the new company and the transaction with Borgo are conditional upon completion of the permitting process with the Swedish Financial Supervisory Authority, after which further information about the new company can be communicated.

For further information, please contact :

Bank of Åland

Peter Wiklöf
Managing Director and Chief Executive, Bank of Åland Plc                                              
E-mail: peter.wiklof@alandsbanken.fi
Tel: +358 40 512 7505

ICA Bank
ICA Gruppen Press Service
E-mail: press@ica.se Tel: +46 10 422 52 52

Ikano Bank
Katarina Erichs Emilson
Head of Communications 
E-mail: Katarina.ErichsEmilson@ikano.se Tel: +46 10 330 00 03

Söderberg & Partners
Rasmus Löwenmo Buckhöj

Head of Information, Söderberg & Partners
E-mail: rasmus.lowenmoBuckhoj@soderbergpartners.se
Tel: +46 761 49 50 05

Borgo
Gustav Berggren CEO of Borgo
E-mail: gustav.berggren@borgogroup.se Tel: +46 707 61 80 18


 

About GlobeNewswire

GlobeNewswire
GlobeNewswire
One Liberty Plaza - 165 Broadway
NY 10006 New York

https://globenewswire.com

GlobeNewswire is one of the world's largest newswire distribution networks, specializing in the delivery of corporate press releases financial disclosures and multimedia content to the media, investment community, individual investors and the general public.

Subscribe to releases from GlobeNewswire

Subscribe to all the latest releases from GlobeNewswire by registering your e-mail address below. You can unsubscribe at any time.

Latest releases from GlobeNewswire

Golar LNG Partners LP: Q3 2019 results presentation21.10.2019 14:19:00 CESTPress release

Golar LNG Partners LP 3rd Quarter 2019 results will be released before the NASDAQ opens on Tuesday November 26, 2019. In connection with this a webcast presentation will be held at 4:30 P.M (London Time) on Tuesday, November 26, 2019. The presentation will be available to download from the Investor Relations section at www.golarlngpartners.com This webcast will be immediately followed by a Q&A session. Participants will be able to join this webcast by dialling-in using the following details: a. Webcast Go to the Investors, Results Centre section at www.golarlngpartners.com and click on the link to "Webcast". To listen to the conference call from the web, you need to have installed Windows Media Player, and you need to have a sound card on your computer. b. Teleconference Call-in numbers: International call +44 2071 928 000 UK Free call 0800 376 7922 US Toll +1 631 510 7495 USA Free call 866 966 1396 Norway Toll +47 23 96 02 64 Norway Free call 800 51874 The participants will be asked f

Rovio Entertainment Corp.: Capital Markets Day 2019 Agenda21.10.2019 14:16:00 CESTPress release

Rovio Entertainment Corporation Press Release Oct. 21, 2019 Rovio Entertainment is organizing Capital Markets Day for analysts, institutional investors and financial media on Monday November 4th, 2019. Location: Kluuvikatu 4, 00100 Helsinki, Finland During the day Rovio’s CEO Kati Levoranta, together with members of Games leadership and other senior management, will present an overview on Rovio’s strategy, including a deep dive into the games portfolio and growth strategy. A short Q&A session is scheduled after each presentation and at the end of the day. Capital Markets Day 2019 agenda (all times in EET): 12:00-13:00 Registration & lunch 13:00-13:40 Rovio overview & strategy: winning in a dynamic growth market 13:40-13:55 Passionate, skillful teams and inspiring culture 13:55-15:10 Games - our unique approach to drive growth 15:10-15:25 Coffee Break 15:25-15:45 Angry Birds - building long-term franchise growth 15:45-16:00 Hatch - pioneering mobile game streaming 16:00-16:30 Financials

Norsk Hydro: REMINDER: Invitation - Hydro’s third quarter results 201921.10.2019 14:04:00 CESTPress release

Hydro's third quarter results 2019 will be released at 07:00 CEST (01:00 AM EDT, 06:00 UK time), on Wednesday October 23, 2019. The quarterly report and presentation slides will be available on www.hydro.com at the same time. Presentation in Oslo Hydro will host a combined analyst and press conference, in English, at its corporate headquarters at Drammensveien 260, Oslo, at 08:30 CEST the same day. The presentation will be held by President and CEO Hilde Merete Aasheim and CFO Pål Kildemo and can also be seen on webcast. To attend the presentation in Oslo, please register by sending a mail to ir@hydro.com. In addition to the webcast, where it will be possible to ask questions in writing, it will also be possible to dial in (not possible to ask questions over the phone). To join this event, please use the below “Click to Join” link 5-10 minutes prior to start time (choose “Click to Join” twice), where you will be asked to enter your phone number and registration details. The Event Confe

Norsk Hydro: PÅMINNELSE: Invitasjon - Presentasjon av Hydros resultat for tredje kvartal 201921.10.2019 14:04:00 CESTPressemelding

Hydros resultat for tredje kvartal 2019 blir offentliggjort onsdag 23. oktober 2019 kl. 07.00. Kvartalsrapporten og presentasjonsmaterialet blir samtidig gjort tilgjengelig på www.hydro.com. Presentasjon i Oslo Det blir holdt en kombinert analytikerpresentasjon og pressekonferanse ved Hydros hovedkontor i Drammensveien 260, Oslo, samme dag, kl. 08.30. Resultatet blir presentert av konsernsjef Hilde Merete Aasheim og konserndirektør for Økonomi og finans Pål Kildemo. Hele presentasjonen kan sees direkte på web-TV. For påmelding, vennligst send mail til ir@hydro.com. I tillegg til web-TV, hvor det vil være mulig å stille spørsmål skriftlig, vil det også være mulig å ringe inn (ikke mulig å stille spørsmål over telefon). Du melder deg på denne telefonkonferansen ved å klikke på lenken “Click to Join“ 5-10 minutter før start (velg “Click to Join“ to ganger), hvor du må oppgi telefonnummer og registreringsdetaljer. Konferansesystemet vil ringe tilbake på det oppgitte telefonnummeret og plas

Valmet to supply a coated board machine to Graphic Packaging International in the United States21.10.2019 14:00:00 CESTPress release

Valmet Oyj’s press release on October 21, 2019 at 3:00 p.m. EET Valmet will supply a coated board machine for Graphic Packaging International’s (GPI) mill in Kalamazoo, Michigan, in the United States. With this investment in the latest coated board technology, GPI is committing to sustainable packaging with exceptional product quality and cost competitiveness for producing coated recycled board (CRB) grades. The start-up of the machine is scheduled for the first half of 2022. The order is included in Valmet's orders received of the third quarter 2019. The value of the order is not disclosed. “Valmet has offered us innovative yet proven technology to reach our high product quality targets. We have had a long and good cooperation with Valmet. Our relationship is based on mutual trust, which is very important in large projects like this one,” says Rusty Miller, Senior Vice President, Engineering and Technology, GPI. “Valmet has a very good relationship with Graphic Packaging International

Klövern säljer 42 fastigheter i Karlstad för 2 610 mkr21.10.2019 13:10:00 CESTPressemelding

Klövern har tecknat avtal om att avyttra hela sitt fastighetsbestånd i Karlstad, bestående av 42 fastigheter, för ett sammanlagt underliggande fastighetsvärde om 2 610 mkr. Fastigheternas uthyrningsbara yta uppgår till cirka 204 000 kvm och utgörs huvudsakligen av kontor samt lager/logistik. Hyresvärdet uppgår till 247 mkr och den ekonomiska uthyrningsgraden uppgår till 95 procent. Transaktionen görs i syfte att geografiskt renodla Klöverns fastighetsportfölj till färre orter. Frånträde är planerat till den 29 november 2019. Transaktionen omfattar följande fastigheter: Barkassen 7 Bälgen 11 Kanoten 10 Stolpen 1 Barkassen 9 Druvan 13 Kulingen 4 Stolpen 6 Björnen 13 Ekorren 11 Mercurius 3 Styrmannen 5 Björnen 7 Fjädern 14 Monitorn 9 Sågen 1 Blåsten 3 Fjädern 16 Passadvinden 3 Sågen 2 Blåsten 4 Freja 13 Pinassen 2 Sågen 9 Brisen 4 Grästegen 2 Regnvinden 1 Tornadon 2 Bromsen 1 Gångjärnet 2 Skepparen 15 Tången 15 Bromsen 6 Hammaren 21 Släggan 13 Ugnen 1 Bälgen 9 Herrhagen 1:10 Spärren 7 Vän