Avanza intends to enter into an agreement with Stabelo

2017-03-15 11:00

Avanza intends to enter into an agreement with Stabelo 2 AB in the near future, with the purpose to distribute mortgage loans to broader customer groups. 

Avanza been negotiating with Stabelo 2 AB regarding a cooperation around mortgage lending. The aim of the cooperation is to distribute mortgage loans to broader customer groups, without impact on Avanza’s balance sheet. Avanza’s ownership in the parent company Stabelo AB amounts to just under 20 per cent.

”Our ambition is to constantly challenge the financial industry to our customers’ benefit, by offering products and services that are cheaper, better and simpler. We are still in the initial phase of the cooperation with Stabelo and I cannot yet say when we will have a completed mortgage loan offering”, says Johan Prom, CEO of Avanza.

”When Avanza was founded 18 years ago, the vision was to democratise savings and stock trading. Now, we aim to continue within other areas where customers can save hundreds – or even thousands – of SEK”, Johan Prom continues.

”This information is such that Avanza Bank Holding AB (publ) is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the contact person set out below, at 11:00 CET on 15 March 2017.”

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