Brief Overview of Organisation
Erik Penser Bank was founded in 1994 and is a privately owned bank. The bank had 58 employees as per 31 December 2023 and is based in Stockholm, Sweden.
Financing Solutions offers credit and financing solutions within real estate financing, business and acquisition financing, as well as credit and financing collaborations.
The bank’s business idea is to offer customised credit and financing solutions to companies. Business is built on long-term business relationships as well as tailor-made solutions. The offering consists of: Real Estate Financing, 2. Working Capital and Acquisition Financing and Partnerships and collaborations related to credit and financing (“back-to-back” solutions and “banking-as-a-service – BaaS”).
The Bank also offers saving accounts for private customers.
Summary of Sustainability Strategy
The bank considers sustainability-related risks within the framework of credit assessment, as these risks can impact both the customer’s repayment capacity and the long-term value of underlying collateral.
When it comes to lending to businesses, risk identification is tailored to the industry in which the borrowing company operates.
Regarding credits directly or indirectly involving consumers, the foundation for sustainability analysis lies in assessing the health of lending practices. When granting consumer credits, this is ensured through adherence to established limits related to the maximum allowable debt-to-income ratio and by ensuring sufficient repayment capacity through the creation of budget calculations (i e disposable income calculations).