NOBA Bank Group AB has agreed to acquire DBT Capital AB for SEK 403 million to enhance its presence in the Swedish SME lending market.

Target Information

NOBA Bank Group AB (publ) has entered into an agreement to acquire all shares of DBT Capital AB ("DBT"), a key player in the Swedish lending market focused on small and medium-sized enterprises (SMEs). The acquisition, valued at SEK 403 million in cash, is subject to adjustments for certain non-material costs between the signing and closing of the deal. This acquisition aligns with NOBA's previously communicated growth agenda and financial objectives, aimed at expanding its loan portfolio to SEK 250 billion by 2030.

The partnership will leverage NOBA's scale, disciplined lending practices, diversified funding structure, and personalized customer service alongside DBT's modern technology platform, established brand, and strong position in an attractive segment of the SME market. This strategic move is expected to create significant medium- to long-term growth and profitability potential.

Industry Overview in Sweden

The Swedish SME lending market is currently experiencing a crucial transition from traditional offline banking services to digital platforms. This shift is being driven by the growing d