RASK represents Nordic Hypo in applying for creditor’s licence.


RASK consulted and represented the financial services provider Nordic Hypo in applying for a creditor’s and mortgage creditor’s licence. On 21 March 2016, the Financial Supervision Authority issued a creditor’s and mortgage creditor’s license to Nordic Hypo.

RASK consulted and represented Nordic Hypo in the preparation of the application for the creditor’s and mortgage creditor’s license submitted to the Financial Supervision Authority, as well as in the subsequent processing of the application. During the preparation of the application, RASK consulted the client on the conversion from a private limited company to a public limited company and preparing the application documentation, as well bringing the activity of Nordic Hypo into compliance with the requirements of the Creditors and Credit Intermediaries Act. In the procedure of the Financial Supervision Authority, RASK also represented the client in communications with the Financial Supervision Authority.

Nordic Hypo AS is a creditor operating since 2010 and has grown to be one of the largest non-bank financial and credit services providers in Estonia. Among other things, Nordic Hypo offers real estate-backed loans as well as leasing and lines of credit for companies. The management of Nordic Hypo has over 20 years of experience in financial services.