Bank of Åland Q1-Q3 2019 Financial Results
20th September 2019: "Bank of Åland, ICA Bank, Ikano
Bank, Söderberg & Partners and Borgo starting mortgage
company together in Sweden" Part 2/2 of the press
release:
Looking ahead, the new mortgage company will offer a complete platform of mortgage products for Swedish consumers, with a focus on a long-term approach, security and
quality, as well as a vision of being able to help change the market.
"Altogether we are a group of five companies in this collaboration, with partly different backgrounds and business operations, but we all share the entrepreneurial ambition of
wanting to make good things even better. Given all of our individual experience, combined with our shared vision, I am convinced that we will be able to establish an attractive
alternative in the Swedish mortgage market," says Gustaf Rentzhog, CEO of Söderberg & Partners.
The fifth partner in the collaboration is the digital mortgage company Borgo. In conjunction with the creation of the new mortgage platform, the Bank of Åland, ICA Bank, Ikano
Bank and Söderberg & Partners are acquiring a majority of the shares in Borgo AB. Borgo's management will have operational responsibility for coordinating and establishing
the new mortgage company.
"It's a huge pleasure and an acknowledgement for us at Borgo to become part of this project through the transaction, but above all to be entrusted with helping build a new
mortgage platform with this unique group of strong owners. With support and resources from them, complemented by our mortgage fund, there will be good potential to
create a broad, modern and innovative mortgage platform in the market - something that has always been part of our vision and that will benefit both consumers and
investors," says Gustav Berggren, CEO of Borgo.
The creation of the new company and the transaction with Borgo are conditional upon completion of the permitting process with the Swedish Financial Supervisory Authority,
after which further information about the new company can be communicated.
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