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    BRA   NO0010167331

BRABANK ASA NEW

(BRA)
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24SevenOffice Signs Partnership Agreement with the Norwegian Bank BRAbank ASA

09/16/2021 | 02:45am EST

24SevenOffice has signed a partnership agreement with the Norwegian bank, BRAbank ASA. With this partnership 24SevenOffice has a solid partner with the required banking licenses in order to continue to deliver financial services to its existing client base and to new customers. The partnership agreement covers both the possibility to deliver financial services on the Pay by 24SevenOffice technology and through the 24SevenOffice ERP system. The first market for the launch is Norway. However, BRAbank has the required licenses to operate in Sweden as well. The commercial terms with profit margins on financial services such as financing of invoices, deferred payments and Pay by 24SevenOffice are competitive. The margins, however, are lower in the partnership agreement with BRAbank than had with Optin Bank. BRAbank ASA has a leading technology stack, however, it is on a different platform than Optin Bank which requires new technical integrations. Following finalizing the commercial terms and conditions will now start on the technical integrations and expect the first financial services to be launched within the next one to two quarters.


ę S&P Capital IQ 2021
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More news
Financials
Sales 2021 488 M 54,6 M 54,6 M
Net income 2021 122 M 13,7 M 13,7 M
Net Debt 2021 - - -
P/E ratio 2021 8,00x
Yield 2021 2,43%
Capitalization 976 M 108 M 109 M
Capi. / Sales 2021 2,00x
Capi. / Sales 2022 1,98x
Nbr of Employees 58
Free-Float 65,9%
Chart BRABANK ASA NEW
Duration : Period :
BRAbank ASA New Technical Analysis Chart | BRA | NO0010167331 | MarketScreener
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 1
Last Close Price 10,30 NOK
Average target price 12,00 NOK
Spread / Average Target 16,5%
EPS Revisions
Managers and Directors
Oddbj°rn Berentsen Chief Executive Officer
Rune Fjeldstad Chairman
Rolf Viggo Leisner Vice Chairman
Kristin Margrethe Devold Director
Jan Kleppe Director