A SUSTAINABLE AND STABLE NORDIC BUSINESS MODEL FOCUSING ON RETAIL
Resurs was founded by retailers for retailers, and its business model is therefore based on extensive retail experience. Resurs’s offering of attractive retail finance solutions and flexible payments makes a major contribution to higher purchasing power, a greater influxof customers in stores and online, and stronger customer loyalty. During the year, Resurs initiated partnerships with a number of well-established partners throughout the Nordic region, such as POWER, Gigantti, Webhallen and Euronics, which indicates a competitive position and healthy demand for the company’s solutions. Retail finance also provides a good opportunity to cross-sell other offerings such as credit cards, consumer loans and insurance.
CONTINUOUS INNOVATION AND A BROADER PRODUCT OFFERING
Innovation has always played a key role in Resurs’s competitiveness. By combining classic consumer financing solutions with a corporate offering to the same retailers, Resurs will be able to grow even stronger in the future. The plan moving forward is to lay the foundation for developing a new generation of products in this area. There will also be a focus on digitising the Group’s processes, in order to streamline and make things easier for customers and employees.
HEALTHY PROFITABILITY AND AN ATTRACTIVE DIRECT YIELD
Resurs has a long history of strong growth and profitable business. The Bank’s returns are driven by the Group’s range of small and medium-sized loans with relatively short maturities. Based on the foundation of sustainable credit lending, Resurs has developed and expanded its loan portfolio, which has been the main contributor to the growth in total operating income that was generated during the years. Resurs’s target is to distribute 50 per cent of net profit to shareholders, and the Board’s ambition is to continue distributing semi-annual dividends.