Skandiabanken ASA

Resultat av emisjonen:

Tegningskurs:            46,00

Sluttkurs første dag:  43,50        (02.11.2015)

Avkastning første dag: -5,43%

Oppdatering: Selskapet melder 27.10.2015 at de er fulltegnet innenfor kursintervallet 45 til 48 kr. Det er også i dette intervallet prisen vil ende skriver de.

Skandiabanken er på vei til Oslo Børs ved hjelp av DNB, Swedbank og Carnegie. Selskapet er veldrevet og kan vise til kraftig vekst de siste årene. De har en effektiv driftsmodell og de er selektive i valg av lånekunder noe som gjør at de har kunne bygge opp en utlånsbalanse med lav LTV (55%). De er landsdekkende, men majoriteten av kundene holder til på det sentral østlandet.

Det kan bli vanskelig å opprettholde den sterke veksten de har hatt de siste årene og tiden da de var helt de toppen på innskudds- og utlånsbetingelser er forbi. Selskapet prises friskt i kursintervallet som er valgt, noe de må forsvare gjennom å fortsatt lever gode resultater.

Tegningsperiode: 19.10.2015 til 29.10.2015 kl.12:00.
Kursintervall: 43 til 54 kr.
Ingen retail rabatt (ansatte får 1.500 kr).
Minste tegning: 10.500 kr

Om selskapet:
The Bank is a branchless digital bank that offers modern everyday banking products to Norwegian retail customers through a user-friendly and adaptable banking platform. The Bank’s value proposition is to offer a differentiated and transparent banking experience in the Norwegian retail banking market, primarily through a dedicated customer orientation, by which the Bank has obtained a high standing amongst customers.

The Norwegian banking business operated as a Norwegian branch of Skandiabanken AB, a part of the Swedish bank and insurance group Skandia, up until 5 October 2015, when the Norwegian banking business was transferred to the Bank as part of the separation and listing process. The development of the Bank’s concept has since launch in 2000 been pursued in a consistent manner across three dimensions; (1) to offer a simple and transparent pricing structure which ensures that the customer gets a “fair deal”; (2) to continuously update and optimise the product offering based on customer feedback in order to maintain an intuitive and standardised offering that is relevant to its customers; and (3) to provide banking products and services across a lean and efficient digital platform with leading accessibility and usability across a broad range of user devices.

In its 15 year history of operations, the Bank has established itself as a sizeable player in the Norwegian retail banking market. In its first five years of operation, the Bank rapidly gained market share and established an attractive and loyal customer base by offering simplicity, accessibility, competitive interest rates and no fees or commissions to Norwegian retail banking customers. In 2012, Skandiabanken AB set a goal to double its loan book by 31 December 2018. This goal was nearly achieved by the Bank during the second quarter of 2015, as its loan book increased from NOK 26.7 billion as at 31 December 2012 to NOK 53.0 billion as at 30 June 2015, giving the Bank a 2.1%1  share of the Norwegian household lending market (excluding state lending institutions such as the Norwegian National Housing and the Norwegian Public Service Pension Fund). Further, at 30 June 2015 the Bank had 380,248 account customers with a balance and held an estimated market share of approximately 5% within transactions and 4.1% within deposits.

Today, the Bank offers a comprehensive range of financial products and services to individuals and households in Norway within payments and card services, deposit-based savings, investment products, long-term loans and short-term loans. The Bank has no branches and all products and services are offered directly through the digital platform which is available on a broad range of user devices. The offering emphasises selfadministrative services and is based on the core concept that all customers shall be offered transparent prices and a “fair deal”. Personalised support is provided by telephone, e-mail and also via an embedded chat function. In addition, customers can interact with the Bank through social media channels.

De ble utgitt noe informasjon om selskapet til obligasjonseierne i følgende presentasjon i forkant av prospektet. Det som et resultat av i at selskapet flytter gjelden fra selskapet (filialen) i Norge til det nye ASA selskapet som opprettes i forbindelse med børsnoteringen.

Prospekt

Tegning i VPS

Skandiabanken Investor Relations