Alektrum Group Rebrands as Myntro, Achieves EU's First SDR Status

On January 27, 2026, Alektum Group announced its rebranding to Myntro, marking a significant milestone as the first company in the European Union to be designated as a Specialised Debt Restructurer (SDR) under the EU's new regulatory framework. This status empowers Myntro to manage and own defaulted loans, known as Non-Performing Loans (NPLs), contributing to the EU's efforts to decrease distressed assets in the banking system. The SDR designation exempts Myntro from certain capital deduction rules, allowing more efficient asset management.

Through its acquisition of Rediem Capital, Myntro now offers retail savings accounts across EU markets, complementing its SDR capabilities and supporting scalable growth. Positioned with an NPL portfolio of SEK 7 billion and deposit funding of SEK 10 billion, Myntro aims to strengthen its role in reducing NPL exposures. "SDR status enables us to support a stable banking system and assist individuals in vulnerable financial situations," said CEO Linus Singelman.