Avarda Bank AB

History Avarda Bank was founded in 1987 in Borås, where the business began by offering consumer loans and sales financing within the mail order industry. From these early roots, the Group gradually expanded beyond Sweden to establish a broader European presence.

Avarda simplifies how customers across Europe manage their personal finances. The Bank has been listed on Nasdaq Stockholm since 2016. Rooted in its Swedish heritage, Avarda combines a pragmatic and disciplined business mindset with cutting-edge technology and innovation, always with a strong focus on cost-efficiency and profitability. Its proprietary, scalable platform and infrastructure enable efficient expansion across multiple markets.

The business is divided into two segments: Everyday Finance and Consumer Lending. Avarda Bank also offers deposit products in several markets.

Everyday Finance Everyday Finance is a segment where Avarda builds long-term and continuous relationships linked to customers’ daily finances, with a customer promise to be available whenever customers need the Bank. The app is the hub of the customer relationship, and each new service integrated into the app strengthens the relationship while increasing customer value over time. The segment includes credit cards and digital payment solutions, offered through a modern user interface with a high degree of flexibility. The offering is built on Avarda’s proprietary platform, where integrated customer journeys and data-driven decision-making enable rapid development and efficient achievement of economies of scale across multiple markets.

Consumer Lending Consumer Lending addresses customers’ credit needs at a specific point in time. The segment mainly consists of the Bank’s offering of unsecured consumer loans to creditworthy individuals. The offering is adapted to local market conditions, with the product range varying between countries.

Contacts Avarda Bank AB, Lilla Brogatan 6, Borås, Sweden Phone: +46 33 722 35 00, PO Box 947, SE-501 10 Borås, Sweden Tel: +46-33-722 35 00 | Email:  ir@avarda.com