Resurs Bank has successfully extended its existing ABS financing of SEK 2.9 billion. This is in line with Resurs’s strategy of long-term diversified financing.
An agreement to extend the existing ABS financing was signed on 19 June 2019. It comprises a securitisation of consumer loans, which is a form of structured financing known as asset-backed securities (ABS).
The extension means that a new 18-month revolving period has now commenced. This financing will take place with the assistance of a leading international bank.
About Resurs: Resurs is a Nordic niche bank that offers leading payment and financing solutions to retailers and consumers. We make loans, savings and payments fast, simple and secure. With more than 40 years’ experience from retail, our expertise stretches across both the instore and the online shopping experience. Today, we have about 5.9 million customers and more than 700 employees in the Nordics. Together, we make good things happen and the hard feel easier.