What Does Nordax Bank Do?

Total employees212
HeadquartersStockholm
Founded2003

Nordax Bank AB (publ), founded in 2003, is a specialist bank in Northern Europe, offering consumer loans, mortgages, equity release mortgages, and savings accounts to private individuals. In November 2021, Nordax Bank completed its merger with Bank Norwegian, subsequently forming NOBA Bank Group AB (publ). Nordax continues to operate as a brand and legal entity under the NOBA umbrella, focusing on providing responsible and straightforward financial products. The bank aims to serve customers in Sweden, Norway, Denmark, Finland, Germany, Spain, and the Netherlands with a strong emphasis on digital solutions and customer satisfaction.

Where Is Nordax Bank's Headquarters?

HQ Function

The Stockholm headquarters serves as the central operational and strategic hub for NOBA Bank Group, overseeing its various brands including Nordax. It manages corporate strategy, finance, risk management, technology development, and group-wide administrative functions.

Notable Features:

Located in a modern office building in the Vasastaden district, designed to support a dynamic and collaborative work environment. The area is known for its mix of residential and commercial spaces, offering good accessibility.

Work Culture:

The work culture emphasizes innovation, collaboration, and customer-centricity. Employees are encouraged to be proactive and contribute to the bank's digital transformation and growth. There's a focus on a Nordic work-life balance.

HQ Significance:

Its Stockholm location is significant for access to a skilled talent pool, proximity to regulatory bodies, financial markets, and technology partners, crucial for a digitally-driven bank.

Values Reflected in HQ: The headquarters' design and operations likely reflect values of transparency, efficiency, modernity, and a forward-thinking approach to banking and financial technology.

Location:

As part of NOBA Bank Group, Nordax Bank has a significant presence primarily across Northern Europe and select Western European countries. Key markets include Sweden, Norway, Denmark, Finland, Germany, Spain, and the Netherlands. The group supports a range of functions globally, including digital consumer lending, mortgage services, savings accounts, credit card operations (via Bank Norwegian), IT development (with a notable hub in Riga, Latvia), customer service, risk management, and marketing, all tailored to local market conditions while leveraging centralized technology and expertise.

Street Address:

Gävlegatan 22

City:

Stockholm

State/Province:

Stockholm County

Country:

Sweden

Where Else Does Nordax Bank Operate Around the World?

Oslo, Norway

Address: Snarøyveien 36, 1364 Fornebu, Norway (Bank Norwegian HQ, part of NOBA)

Serves as a critical center for NOBA's consumer finance operations in Norway and supports its expansion across the Nordic region and Europe.

Helsinki, Finland

Address: Specific street address for a large operational office not prominently listed, likely a representative or smaller operational office. NOBA serves Finnish market.

Facilitates tailored financial services for Finnish consumers, ensuring adherence to local regulations and customer needs.

Copenhagen, Denmark

Address: Specific street address for a large operational office not prominently listed. NOBA serves Danish market.

Strengthens NOBA's presence in Denmark, offering competitive consumer finance solutions.

Berlin, Germany

Address: Specific street address for a large operational office not prominently listed. NOBA serves German market.

Expands NOBA's reach into one of Europe's largest economies, providing digital-first banking solutions.

Riga, Latvia

Address: Mūkusalas iela 42, Riga, LV-1004, Latvia (Likely a tech or shared service center)

Provides critical IT infrastructure, software development, and operational support, leveraging talent and cost efficiencies in Latvia.

Madrid, Spain

Address: Specific street address for a large operational office not prominently listed. NOBA serves Spanish market.

Key location for serving the Iberian peninsula, offering specialized lending and savings products.

Buying Intent Signals for Nordax Bank

Highperformr Signals uncover buying intent and give you clear insights to target the right accounts at the right time — helping your sales, marketing, and GTM teams close more deals, faster.

Notable news
Hiring actively
Corporate Finance
Corporate Finance
Corporate Finance
Corporate Finance
Corporate Finance
*Example signal, not calculated in real time

Who's Leading Nordax Bank? Meet the Executive Team

As of April 2025, Nordax Bank' leadership includes:

Jacob Lundblad - Chief Executive Officer, NOBA Bank Group
Patrick Frost - Chief Financial Officer, NOBA Bank Group
Arash Bigloo - Chief Commercial Officer & Deputy CEO, NOBA Bank Group
Christoph Dicken - Chief Technology Officer, NOBA Bank Group
Ragnhild Tell - Chief Risk Officer, NOBA Bank Group
Jenny Ryltenius - Chief People & Culture Officer, NOBA Bank Group
Martin Ameros - Chief Operating Officer, NOBA Bank Group

Who's Investing in Nordax Bank?

Nordax Bank has been backed by several prominent investors over the years, including:

Nordic Capital
Sampo Group

What Leadership Changes Has Nordax Bank Seen Recently?

Hire0
Exits0

Since the formation of NOBA Bank Group and integration of Nordax Bank and Bank Norwegian, the executive team has largely stabilized. Minor adjustments or role clarifications may have occurred as part of the integration, but no major publicly announced hires or exits specifically for the top C-suite of NOBA Bank Group have been prominent in the last 12 months. Focus has been on consolidating operations and leveraging synergies.

What Technology (Tech Stack) Is Used byNordax Bank?

Discover the tools Nordax Bank uses. Highperformr reveals the technologies powering your target accounts — helping your sales, marketing, and GTM teams prioritize smarter and close faster.

Nordax Bank Email Formats and Examples

For NOBA Bank Group, which Nordax Bank is a part of, the most common email format is firstname.lastname@noba.bank. This format is widely used for corporate communication.

firstname.lastname@noba.bank

Format

jacob.lundblad@noba.bank

Example

95%

Success rate

What's the Latest News About Nordax Bank?

NOBA Bank Group Press Release2024-02-08

NOBA Bank Group AB (publ) Year-end Report January – December 2023

NOBA Bank Group reported strong growth and profitability for the full year 2023, driven by increased lending volumes and successful integration efforts. The report highlighted continued market expansion and focus on digital customer experiences....more

NOBA Bank Group Press Release2023-11-07

NOBA Bank Group AB (publ) Interim Report January – September 2023

The interim report for the first nine months of 2023 showed continued positive development for NOBA Bank Group, with stable credit quality and good performance across its key markets, including those served by the Nordax brand....more

Nordic Capital Press Release2023-05-17

NOBA Bank Group continues its strong growth trajectory

Nordic Capital highlighted NOBA Bank Group's strong performance, emphasizing its position as a leading digital specialist bank in Europe, following the successful merger of Nordax and Bank Norwegian....more

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