Who are Norion Bank's main competitors?

Named competitors: Noba Bank Group (NOBA.ST), Avanza Bank (AZA.ST), Klarna Group (KLAR). The cockpit's measured peer set (industry) also includes Yamanashi Chuo Bank (8360.T), Amerant Bancorp (AMTB), Old Second Bancorp (OSBC), Toho Bank (8346.T), Senshu Ikeda Holdings,Inc (8714.T), Renta 4 Banco (R4.MC).

Is Norion Bank expensive compared with its peers?

On price / book it trades at 1.23× against a peer median of 1.32×, 9th cheapest of 21 in its peer set. The share price implies a return on equity of about 6.8%; Norion Bank delivers 12.6%, so the price asks less than the business earns today.

How has Norion Bank stock performed?

Over six months to 6 Nov 2026 the shares returned +32.6% against +13.9% for the median peer; over one year -2.5%.

← CockpitCompetitor Analysis › NORION.ST Norion Bank ABOpen in the cockpit ↗

Norion Bank ABNORION.STCompetitor analysis, valuation and peers

Sweden · SEK·Financials›Major Banks

Swedish niche bank (formerly Collector Bank) providing consumer loans, corporate lending and deposit savings accounts.

≈ A Nordic online niche/challenger bank like a smaller Green Dot/consumer lenderMomentum strong 68

Competitor Analysis ▸ Charts Open in the cockpit

Mkt cap

$1.18B

US dollars, full cap

Free float

45%

of shares outstanding

$/day

$1.99M

20-day average traded

P/B

1.23×

price to book

ROE

12.6%

delivered

Implied ROE

6.8%

what the price asks

Next earnings

90 days

4 Feb 2027

Close · SEKSEK 66.70

1D-0.1%

1W+2.0%

1M+5.9%

3M0.0%

6M+32.6%

YTD-3.2%

1Y-2.5%

ATR %3.3%

52w lowhigh9.4% off high

What Norion Bank does

Swedish niche bank (formerly Collector Bank) providing consumer loans, corporate lending and deposit savings accounts.

In one line: A Nordic online niche/challenger bank like a smaller Green Dot/consumer lender.

Products and services

Consumer unsecured loans
Corporate/SME lending
Savings deposit accounts

Customers

Retail borrowers/savers
Small and mid-sized businesses

Where it sits in the supply chain

Financials
Banking
Consumer/corporate lending and deposits

What could go right

Nordic consumer/SME credit demand growth
Deposit funding cost efficiency

What could go wrong

Consumer credit-risk/default cycle
Interest-rate/funding cost sensitivity

Moat: none (scale, data). Digital niche-bank model competes with many similar Nordic challenger banks on rate and convenience.

Headquarters: Gothenburg, Sweden · Founded: 1999

Named competitors

Norion Bank at a glance

Size Norion Bank (NORION.ST) is a Sweden Financials company (Major Banks) with a market value of $1.18B, the 124th largest of 221 Sweden companies the cockpit tracks. Shares closed at SEK 66.70 on 6 Nov 2026.

Performance Over six months the shares gained 32.6%, against +13.9% for the median peer and +8.2% for the Sweden market (cap-weighted) — 5th highest of 21 in its peer set.

Growth Revenue fell 1.7% over the last twelve months (peer median +10.7%); the operating margin is 41.4% (peer median 28.6%).

Valuation It trades at 1.23× book value against a peer median of 1.32× (9th cheapest of 21).

Price implies The share price implies a return on equity of about 6.8%; Norion Bank delivers 12.6%, so the price asks less than the business earns today.

Next results Next results expected around 4 Feb 2027 (exchange calendar; dates can move).

Relative performance

Six months, rebased to 100: Norion Bank against the median of its 20 peers (local-currency closes).

Norion Bank financials

Reported figures in SEK; fiscal year ends 2025-12-31. TTM = trailing twelve months.
	TTM	FY2025	FY2024	FY2023	FY2022
Revenue	SEK 5.57B	SEK 5.61B	SEK 5.65B	SEK 5.04B	SEK 3.74B
Revenue growth	—	-1%	+12%	+34%	—
Net income	SEK 1.20B	SEK 1.43B	SEK 1.25B	SEK 1.24B	SEK 1.10B
Free cash flow	n/a	SEK 1.39B	-SEK 4.53B	SEK 1.89B	SEK 982M
Capital expenditure	SEK 70.0M	SEK 71.0M	SEK 77.0M	SEK 58.0M	SEK 39.0M
Total debt	SEK 3.80B	SEK 3.45B	SEK 2.99B	SEK 1.86B	SEK 3.97B

Quarterly statements and history in the cockpit →

Norion Bank competitor charts

The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.

Performance: 6-month against 1-month return

Up and to the right = strong over both horizons. Norion Bank is the large dot.

Fundamentals: return on equity against price-to-book

A bank or insurer earning more on its equity usually trades at a higher multiple of book; points far above the trend are priced for more. Norion Bank is the large dot.

Capital: ROE delivered against the ROE the price implies

Above the diagonal = the price asks for a higher return on equity than the business earns today. Norion Bank is the large dot.

Norion Bank competitors and peer comparison

Head to head with its named competitors (NORION.ST vs NOBA.ST vs AZA.ST vs KLAR)
Company	Market cap	6M return	Revenue growth	ROE	Price / book	Implied ROE
Norion Bank NORION.ST	$1.18B	+33%	-2%	13%	1.23×	6.8%
Noba Bank NOBA.ST	$4.81B	+20%	+6%	17%	1.82×	6.9%
Avanza Bank AZA.ST	$5.95B	+13%	+13%	42%	7.83×	49.4%
Klarna KLAR	$5.13B	-6%	+34%	-6%	2.11×	24.0%

How Norion Bank compares with its peers

Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.

Norion Bank against its 20 peers (data as of 6 Nov 2026)
Measure	NORION.ST	Peer median	Rank in peer set
1-month return	+5.9%	+2.1%	7th highest of 21
6-month return	+32.6%	+13.9%	5th highest of 21
Return on equity	12.6%	10.6%	9th highest of 21
Price / book	1.23×	1.32×	9th cheapest of 21
Trailing P/E	10.3×	12.0×	6th cheapest of 21
ROE the price implies	6.8%	10.2%	5th least demanding of 21
ROE delivered	12.6%	10.6%	9th highest of 21

Peer table

Peer set: Industry: the same industry and sector in any market, nearest in size
Company	Market	Market cap	6M return	Revenue growth	ROE	Price / book	Implied ROE	Delivered ROE
Norion Bank NORION.ST	Sweden	$1.18B	+33%	-2%	13%	1.23×	6.8%	12.6%
Yamanashi Chuo Bank 8360.T	Japan	$1.16B	+57%	+30%	5%	0.72×	5.7%	5.0%
Amerant Bancorp AMTB	United States	$1.15B	+26%	-8%	8%	1.38×	11.0%	7.5%
Old Second Bancorp OSBC	United States	$1.24B	+15%	+22%	13%	1.37×	10.9%	12.8%
Toho Bank 8346.T	Japan	$1.32B	+24%	+30%	7%	0.92×	7.2%	6.6%
Senshu Ikeda Holdings,Inc 8714.T	Japan	$1.41B	-14%	+29%	8%	0.88×	6.0%	8.0%
Renta 4 Banco R4.MC	Spain	$984M	+13%	+12%	29%	4.15×	13.9%	29.0%
Camden National CAC	United States	$980M	+18%	+6%	13%	1.36×	9.5%	12.9%
Avarda Bank AVARDA.ST	Sweden	$1.47B	+42%	+22%	26%	4.29×	23.7%	26.0%
Farmers National Banc FMNB	United States	$914M	+9%	+26%	12%	1.28×	10.2%	11.6%
Punjab & Sind Bank PSB.NS	India	$1.52B	-22%	+3%	11%	0.99×	14.8%	10.7%
First Financial THFF	United States	$907M	+12%	+10%	14%	1.37×	8.6%	14.3%
O-Bank 2897.TW	Taiwan	$889M	+4%	-7%	6%	0.68×	2.8%	5.6%
Esquire Financial ESQ	United States	$1.57B	+21%	+33%	11%	2.00×	10.2%	10.5%
Pathward Financial CASH	United States	$1.58B	-12%	-1%	21%	1.93×	12.8%	20.9%
Fukui Bank 8362.T	Japan	$872M	+57%	+16%	7%	0.86×	7.9%	7.5%
South Indian Bank SOUTHBANK.NS	India	$1.60B	+38%	+5%	14%	1.25×	18.3%	13.9%
Chiba Kogyo Bank 8337.T	Japan	$845M	+10%	+28%	5%	1.01×	8.4%	4.9%
QCR QCRH	United States	$1.64B	+11%	+3%	13%	1.43×	10.9%	12.7%
Alerus Financial ALRS	United States	$837M	+26%	-15%	5%	1.45×	10.7%	5.3%
CHINA BOHAI BANK 9668.HK	Hong Kong	$1.67B	-23%	-5%	6%	0.10×	3.4%	5.5%

Questions

Who are Norion Bank's main competitors?: Named competitors: Noba Bank Group (NOBA.ST), Avanza Bank (AZA.ST), Klarna Group (KLAR). The cockpit's measured peer set (industry) also includes Yamanashi Chuo Bank (8360.T), Amerant Bancorp (AMTB), Old Second Bancorp (OSBC), Toho Bank (8346.T), Senshu Ikeda Holdings,Inc (8714.T), Renta 4 Banco (R4.MC).
Is Norion Bank expensive compared with its peers?: On price / book it trades at 1.23× against a peer median of 1.32×, 9th cheapest of 21 in its peer set. The share price implies a return on equity of about 6.8%; Norion Bank delivers 12.6%, so the price asks less than the business earns today.
How has Norion Bank stock performed?: Over six months to 6 Nov 2026 the shares returned +32.6% against +13.9% for the median peer; over one year -2.5%.