Investor Presentaiton
New jointly owned mortgage company, Borgo, will
be launched
.
•
•
Together with ICA Bank, Ikano Bank and Söderberg & Partners, the Bank of Åland is developing the
jointly owned mortgage company Borgo
All four co-owners in Borgo will distribute their own mortgage loans via the new company
Sparbanken Syd has signed a LOI and wants to join as a fifth partner
• The Bank of Åland will be responsible for service deliveries to Borgo in the lending field, payments
.
and account management as well as accounting and treasury operations
In March 2021 the Swedish Financial Supervisory Authority granted Borgo a permit as a credit
market company and an issuer of covered bonds.
• The Bank of Åland has a distribution agreement with ICA Bank, under which ICA Bank is offering its
mortgage loans through the Bank of Åland until Borgo has started its operations
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