Lea Bank AB
SSTO:LEA12.90
SEK
-0.58
(-4.30%)
Lea Bank AB
STO:LEA
(Nasdaq Stockholm)
Recent
price
12.90
P/E
ratio
9.29
div
yld
0.00%
ROIC.AI
Capital Structure
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in mil. unless spec.- Similar Companies
- Business
- Lea Bank AB is a digital niche bank that provides unsecured consumer financing, debt refinancing solutions, and retail deposit products to private individuals across Northern and Southern Europe. Tracing its origins to 2003 and headquartered in Gothenburg, Sweden, the company operates as a branchless financial institution utilizing automated credit evaluation, cloud-native banking infrastructure, and proprietary digital servicing channels. The company provides a structured portfolio of consumer credit and retail savings solutions, categorized into: Consumer Lending, including unsecured personal loans and flexible consumer credit lines for private expenditures; Debt Refinancing and Consolidation Services, offering structured loans designed to restructure and consolidate existing third-party consumer debts; Deposit and Savings Products, comprising variable-rate high-yield savings accounts, fixed-term deposit accounts, and overnight deposit accounts protected under the Swedish national deposit guarantee scheme; Digital Account Management and Credit Decisioning Services, featuring automated underwriting algorithms, electronic identification verification, and web and mobile self-service account management portals; and Cross-Border Platform Savings, providing integrated deposit access for international retail savers through third-party financial technology channels. Geographically, Lea Bank AB conducts consumer credit and loan operations across Sweden, Norway, Finland, and Spain, while sourcing retail deposit funding across wider European markets, including Germany, Austria, and Spain. In recent developments, Lea Bank AB completed a comprehensive cross-border corporate redomiciliation and restructuring in January 2025, moving its corporate headquarters and legal seat from Oslo, Norway, to Gothenburg, Sweden, following the authorization of a full Swedish banking license from the Swedish Financial Supervisory Authority (Finansinspektionen). In connection with the relocation, the parent entity Lea Bank ASA was merged into Lea Bank AB, and the company transitioned its equity listing from Euronext Growth Oslo to the Nasdaq First North Premier Growth Market in Stockholm under the ticker LEA. In addition, the bank expanded its direct consumer loan origination capabilities into the Spanish lending market and broadened its cross-border retail deposit partnerships with European fintech savings platforms, including Raisin.