NORDNET AB (PUBL)

The Swedish direct bank Nordnet plans to grow in Germany and from January will offer a state-subsidized retirement savings depot as well as regular brokerage accounts and an instant-access savings account. Terms are competitive in the market: savings 2.5% for six months then 2%, and orders cost a flat €2.95. Nordnet is betting less on teaser offers and more on a stable platform, extensive information services (including access to dpa-afx) and a long-term presence in the intensely contested German banking market. » Mere på wiwo.de

Nordnet will launch an app in Germany on November 16 for selected customers, through which stocks, ETFs and funds can be traded. The offer includes a free securities account, a savings account (Tagesgeld) with 2.5% interest for the first half year (then 2%) and a flat fee of €2.95 per trade; anyone who signs up for the waitlist by early January pays no order fees for the first twelve months. Margin lending and products for a retirement savings account are planned later; Nordnet intends to win customers through content, social media and its own social network that makes transactions visible. Nordnet stresses there are no hidden costs such as spread mark-ups and plans a moderate marketing budget for the launch, to be increased in 2027. » Mere på handelsblatt.com

Nordnet reports a 14% increase in customers to 2.22 million in Q2 2025 and a 10% rise in savings balances to SEK 1.064 billion, while adjusted revenues remained flat at SEK 1.293 billion. Adjusted operating costs rose 13%, causing adjusted pre-tax profit to fall slightly by 1% to SEK 893 million. The company is pursuing geographic expansion (preparations for a Germany launch in 2026), expanding product offerings for wealthy customers, and announced a dividend and a buyback program. Nordnet shows robust capital and liquidity metrics (CET1 21.0%, LCR 317%) but faces challenges from the low interest rate environment and rising costs. » Mere på de.investing.com