Financial

• Read more about Norion Bank AB (publ)

Norion Bank is a niche lender that provides financing solutions to retail and corporate customers. It obtained its banking licence in 2015. Norion Bank's main owner since 2011 has been property developer Erik Selin (including affiliated companies). The bank's main geographic markets are Sweden, Finland and Norway. Norion Bank offers lending to SMEs and consumers. The business is organised into four divisions: Private, Payments, Corporate, and Real Estate.

Loan to value levels declined and the share of fixed interest rates increased during the second half of 2020.

• Read more about Danske Hypotek AB (publ) cover pool overview Q4 2020

Loan loss provisions appear to have peaked, but customer defaults could increase.

• Read more about Nordic niche banks enter 2021 unscathed

Green bond issuance could help revitalise the business model

• Read more about NCR comments: Kredittforeningen for Sparebanker Q4 2020 report

Cost efficiency drives rise in core earnings.

• Read more about NCR comments: Sörmlands Sparbank H2 2020 report

Sector weathers pandemic despite higher credit losses. covid-19

• Read more about The Swedish banking market 2021

Mixed performance amid ongoing transformation.

• Read more about NCR comments: Resurs Bank AB (publ) Q4 2020 report

Core pre-provision income up 25% year on year.

• Read more about NCR comments: Sparbanken Rekarne AB (publ) Q4 2020 report

Net interest margin up sharply on previous quarter.

• Read more about NCR comments: SpareBank 1 Østfold Akershus Q4 2020 report

Earnings boosted by reversal of loan losses and non-recurring item.

• Read more about NCR comments: Varbergs Sparbank AB (publ) Q4 2020 report