contentSlug

type

ContentSlug_ContentQuery

slug

ContentPageContentQuery

content

trendingContent

query ContentSlug_ContentQuery(
  $contentSlug: String!
  $type: [ContentType!]
) {
  ...ContentPageContentQuery_13QmVO
}

fragment CompanyDetails_Content on Content {
  __isContent: __typename
  companies {
    name
    description
    pageUrl
    id
  }
}

fragment ContentBasicInfo on Content {
  __isContent: __typename
  id
  type
  title
  lang
  companies {
    viewerIsFollowing
    id
    name
    pageUrl
  }
  tags {
    viewerIsFollowing
    id
    name
    pageUrl
  }
  ...PublishingDetails
  ...Reactions
}

fragment ContentMetadata on Content {
  __isContent: __typename
  type
  title
  lang
  pageUrl
  alternatePageUrls: translations {
    __typename
    pageUrl
    lang
  }
  imgUrl
  description
  ... on Video {
    liveTime
    videoUrl
  }
  ... on Webcast {
    liveTime
    videoUrl
  }
}

fragment ContentPageContentQuery_13QmVO on Query {
  content(slug: $contentSlug, type: $type) {
    __typename
    id
    type
    title
    isPremium
    lang
    htmlBody
    summary
    companies {
      forum {
        latestPosts {
          ...ForumPosts
        }
      }
      name
      id
      viewerIsFollowing
      pageUrl
      defaultInstrument {
        isin
        id
        marketOpen
        marketClose
        marketplace {
          region
        }
        returns {
          total
        }
      }
    }
    tags {
      viewerIsFollowing
      id
      name
      pageUrl
    }
    createdAt
    ... on Video {
      liveTime
    }
    ... on Webcast {
      liveTime
    }
    slug
    ... on CompanyReport {
      reportUrl
    }
    ... on ThirdPartyCompanyReport {
      reportUrl
    }
    ... on StockExchangeRelease {
      reportUrl
    }
    ...ContentBasicInfo
    ...ContentMetadata
    ...PriceAndRecommendation_Content
    ...CompanyDetails_Content
    ...ReportLink_Content
    ...KeyFigures_Content
  }
  ...TrendingContent_1jQ2Cn
}

fragment ForumPosts on ForumPost {
  text
  likesCount
  url
  author
  postedAt
  authorImgUrl
}

fragment KeyFigures_Content on Content {
  __isContent: __typename
  companies {
    defaultInstrument {
      estimateData {
        modelType
        reportingCurrency
      }
      snapshot {
        transaction {
          date
          actualized {
            year
            quarter
            revenue
            revenueGrowth
            ebitAdjusted
            ebitReported
            ebitda
            enterpriseValue
            epsAdjusted
            dividend
            dividendYield
            sharePrice
          }
          estimates {
            year
            quarter
            revenue
            revenueGrowth
            ebitAdjusted
            ebitReported
            ebitda
            enterpriseValue
            epsAdjusted
            dividend
            dividendYield
            sharePrice
          }
        }
      }
      id
    }
    id
  }
}

fragment PriceAndRecommendation_Content on Content {
  __isContent: __typename
  createdAt
  companies {
    name
    pageUrl
    defaultInstrument {
      priceData {
        tradeCurrency
      }
      snapshot {
        priceData {
          date
          lastPrice
          tradeCurrency
        }
        transaction {
          date
          recommendation
          targetPrice
        }
        prevTransaction {
          recommendation
        }
      }
      id
    }
    id
  }
}

fragment PublishingDetails on Content {
  __isContent: __typename
  createdAt
  publishers {
    name
    imgUrl
  }
  authors {
    __typename
    id
    name
    slug
    imgUrl
    jobTitle
  }
  ... on Video {
    liveTime
  }
  ... on Webcast {
    liveTime
  }
}

fragment Reactions on Content {
  __isContent: __typename
  id
  reactionGroups {
    reactionType
    reactionsCount
    viewerReacted
  }
}

fragment ReportLink_Content on Content {
  __isContent: __typename
  type
  isPremium
  ... on CompanyReport {
    reportUrl
  }
  ... on ThirdPartyCompanyReport {
    reportUrl
  }
  ... on StockExchangeRelease {
    reportUrl
  }
}

fragment TrendingContent_1jQ2Cn on Query {
  trendingContent(type: ARTICLE) {
    __typename
    id
    title
    lang
    pageUrl
    createdAt
    type
    imgUrl
    companies {
      squareLogoUrl
      name
      id
    }
    authors {
      __typename
      imgUrl
      id
    }
    publishers {
      imgUrl
    }
  }
}


fellow-pankki-oyj-development-of-fellow-banks-loan-and-deposit-portfolio-in-november

__typename

title

isPremium

lang

htmlBody

summary

companies

createdAt

publishers

authors

reactionGroups

pageUrl

translations

imgUrl

description

Alisa Pankki is a Finnish company that conducts banking operations. The bank offers a wide range of financial and corporate finance services. The bank serves private individuals, small and medium-sized enterprises and savers seeking interest on their deposits. The operations are located in Finland, Denmark, Germany and Poland. Alisa Pankki was founded in 2022 after a merger of Fellow Finance and Evli Bank and is headquartered in Helsinki.

Nordea on banks and the financial sector: overweight  The full story from Arvopaperi (paywall):                   Tärkeimmät talousuutiset | Kauppalehti – 2 Dec 25              Nordean Antti Saari: Tankkaa kahdenlaisia osakkeita    Eurooppa on pärjännyt pitkän aikaa heikosti suhteessa muuhun maailmaan, sanoo Nordean päästrategi Antti Saari. Hän uskoo, että suunta voisi kääntyä.

To this, I would point out that the monthly fee is related to a business account, and the 63,000 customers you used most likely consist mainly of private customers, for whom basic banking services are free. For comparison: In Finland, there are just over 400,000 SMEs in total.

Of course, services must have a reasonable price that matches the service and thus satisfies the customer. 63 000 x 7,9 = 497 700 €/month  497 700 x 12 months = 5 972 400 €/year Now, if we also get the business customer volumes up, it will be great.

Good reflections, and I largely agree. The strategy finally makes real sense after a long time, and the business model should also be scalable. The most essential question is therefore the growth of invoice financing that you also brought up, and especially the potential brought by Nordea. This is not an automatic jackpot in my opinion, because if I have understood correctly, the cooperation volumes come, as it were, through references. Nordea thus tips off its smaller customers who need invoice financing about the possibility of Alisa’s invoice financing service, and after this, the customer makes the application themselves. At the same time, this is a service that has not practically been available to smaller customers before (a large bank’s processes are quite rigid), so there is a genuine opportunity to create a “new” market here. At the same time, it is good to remember that the business is still loss-making, so quite robust growth should be achieved for the case to become attractive at the current share price. Regarding the transaction amount and cash consideration, in the case of a bank, this has no direct impact on market value, as solvency regulation defines the framework for distributable funds. This will, of course, provide liquidity and solvency, so growth will certainly not be hindered by these.  In its announcement, the company stated that it expects a positive earnings impact from the transaction, which would indeed suggest a transaction price exceeding the book value. This is quite surprising, as Alisa has previously commented that the consumer finance loan portfolio has poor profitability.

Yesterday I watched CEO Sampsa Laine’s “Inderes interview” from last August (Alisa Pankki H1’25: Alkuvuosi jäi pettymykseksi - Inderes). He spoke very consistently and realistically about past events and events aiming for the future. After the video, I read Alisa Bank’s press releases, events, and the Inderes forum to see what has happened in the real world since the interview. Indeed, those good positive things that Sampsa previously highlighted in the video have started to happen at Alisa Bank. And at what pace! A man of his word and deeds. The volume growth of invoice financing for corporate customers (which is now part of the core business after the sale of non-core assets) is increasingly important for the bank to be able to turn its results positive again. I personally cannot think of a single better, larger, or more international partner for Alisa than Nordea. Nordea is known to Alisa’s management, and they know what Nordea wants from Alisa in the future. Alisa’s CEO has had a long career at Nordea and Danske Bank in various leadership roles. As a partner of Nordea, growing volumes and internationalization depend solely on their own actions. Alisa’s market cap is only ~33 million € and now 51 million € will flow into the cash register after the sale of non-core assets. All resources can be focused on the core business. After all the various considerations, forum information, my research, interviews, and insider trades, I decided to join this. I see a lot of upside in this case

It should, of course, be noted that this is a credit institution generating a negative return on capital. So the loan portfolio was likely sold at some discount, and I don’t understand the connection between the market value and the cash sum of the deal. In my opinion, the move is correct, but not a great deal. The idea is to divest from poorly profitable operations and focus on invoice financing, which is at the core of the strategy. Time will tell if this works better. The scale should be much larger for the business to be profitable. A large part of the organization consists of essential fixed risk management, etc., which should scale to some extent, so that as the scale grows, more remains below the line. With current volumes, it is difficult or impossible to operate profitably, meaning growth must be achieved.

Indeed. The company’s market value is just over 30 million and 51 million € in cash. Hmmm…                   Tärkeimmät talousuutiset | Kauppalehti – 31 Oct 25              Alisa Pankki myy merkittävän osan luottokannastaan – Kauppahinta noin 51...    Yhtiö uskoo kaupalla olevan positiivinen vaikutus pankin tilikauden 2025 tulokseen, mikäli se toteutuu.

Alisa Pankki

FELLOW BANK PLC PRESS RELEASE 7.12.2022 AT 11:00 AM EETIn November 2022, Fellow Bank provided funding worth of EUR 30.6 million. The loan portfolio totaled EUR 159.4 million and deposits totaled...

<div class="abstract">FELLOW BANK PLC PRESS RELEASE 7.12.2022 AT 11:00 AM EET</div>In November 2022, Fellow Bank provided funding worth of EUR 30.6 million. The loan portfolio totaled EUR 159.4 million and deposits totaled EUR 252.7 million at the end of the month.At the beginning of November, we raised the interest rate of our savings and deposit accounts. We currently pay 0.75% interest on the savings account and up to 2.5% p.a. for the term deposit offering a highly competitive option for both businesses and consumers looking for a safe interest return on their cash funds.Fellow Bank, which focuses on easy-to-use digital service channels, currently offers flexible financial services for SMEs and personal customers, as well as a competitive and secure return on deposits with savings accounts and time deposits. The service offering will gradually expand during 2022.&nbsp;Fellow Bank reports on the development of the loan and deposit portfolio on a monthly basis.&nbsp;Further informationTeemu Nyholm, CEO, Fellow Bank Plc, teemu.nyholm@fellowpankki.fi,tel. +358 50 577 1028&nbsp;Fellow Bank in briefFellow Bank Plc is a new Finnish digital bank that helps both personal and business customers to manage their day-to-day finances in a flexible and straightforward manner. For savers, we offer an attractive interest rate on deposits. Fellow Bank Plc is regulated by the Financial Supervisory Authority of Finland and listed on Nasdaq Helsinki's main list (FELLOW). www.fellowbank.com