Bank Norwegian
{{Short description|Norwegian digital bank}}
{{Infobox company
| name = Bank Norwegian – a branch of NOBA Bank Group
| native_name = Bank Norwegian, en filial av NOBA Bank Group AB (publ)
| logo = LOGO BANO.png
| image =
| image_caption =
| type = Privately held company
| traded_as =
| founded = 2007
| hq_location = Fornebu, Norway
| area_served = Norway
Sweden
Finland
Denmark
Germany
Spain
| key_people = {{Unbulleted list|Jacob Lundblad (CEO)|Mats Benserud (Branch manager)}}
| industry = Bank
| products = Consumer loan, deposit and credit card
| revenue = {{increase}} NOK 1,5 billion (2015){{cite web|url=https://www.banknorwegian.no/Documents/NO/Annual_Report_2015_Norwegian_Finans_Holding_ASA.pdf|title=Annual Report 2015 Norwegian Finans Holding ASA|publisher=Norwegian Finans Holding ASA|access-date=2016-05-20|archive-url=https://web.archive.org/web/20170510104904/https://www.banknorwegian.no/Documents/NO/Annual_Report_2015_Norwegian_Finans_Holding_ASA.pdf|archive-date=2017-05-10|url-status=dead}}
| net_income = {{increase}} NOK 539 million (2015)
| assets = {{increase}} NOK 17,5 billion (2015)
| equity = {{increase}} NOK 1,7 billion (2015)
| parent = NOBA Bank Group AB (publ)
| homepage = {{url|banknorwegian.no}}
}}
Bank Norwegian is a Norwegian digital bank which provides loans, credit cards and savings accounts to consumers.{{Cite web|title=Nøkkelopplysninger fra Enhetsregisteret - Brønnøysundregistrene|url=https://w2.brreg.no/enhet/sok/detalj.jsp?orgnr=991455671|access-date=2021-11-15|website=w2.brreg.no}} The company was founded in November 2007 and is headquartered at Fornebu, Norway and have customers in Norway, Sweden, Denmark, Finland, Germany and Spain. Bank Norwegian cooperates with Norwegian Air Shuttle ASA on their loyalty program available in selected markets. in 2021, the bank has more than 1,7 million customers in total.{{Cite web|title=Bank Norwegian - Forbrukslån, kredittkort, forsikringer og spareprodukter|url=https://www.banknorwegian.no/|access-date=2021-11-15|website=www.banknorwegian.no|language=nb}}
History
In May 2007, Norwegian announced that they planned to enter the banking sector, with Erik Jensen as CEO of the new company, Bank Norwegian. Mr. Jensen was previously CEO of yA Bank og Forsikring AS (yA Bank and Insurance).{{Cite web|url=http://www.nrk.no/okonomi/norwegian-gir-kundene-bank-1.2368839|title=Norwegian gir kundene bank|last=NRK|website=NRK|access-date=2016-05-16}} In September 2007, Bank Norwegian received a commercial bank operating license from the Norwegian Ministry of Finance.{{Cite web|url=https://www.regjeringen.no/no/aktuelt/bank-norwegian-as-gis-tillatelse-til-a-d/id481284/|title=Bank Norwegian AS gis tillatelse til å drive virksomhet som forretningsbank|last=Finansdepartementet|date=2007-09-19|website=Regjeringen.no|language=no|access-date=2016-05-16}} In October 2007 Norwegian announced that they planned to start a combined credit and bonus card program (Norwegian Reward) with up to 20% bonus for international flights and 1% of the purchase price on all credit purchases.{{Cite web|url=https://www.lifeinnorway.net/earn-free-flights-with-norwegian/|title=How To Earn Free Flights With Norwegian|website=www.lifeinnorway.net|language=en-US|access-date=2018-05-02}} The bank began providing services in Sweden in May 2013{{Cite web|url=http://www.nettavisen.no/na24/3615270.html|title=Svindal og Kjos starter bank i Sverige|last=Brakstad|first=Tommy H. S.|website=Nettavisen|access-date=2016-05-16}} and in Denmark and Finland in December 2015. On 19 August 2019, Bank Norwegian's parent company Bank Norwegian ASA (Previously Norwegian Finans Holding ASA{{Cite web|last=Norwegian Finans Holding ASA|date=2021-07-16|title=Norwegian Finans Holding ASA: Information regarding intragroup merger and listing of Bank Norwegian ASA|url=https://www.globenewswire.com/en/news-release/2021/07/16/2264382/0/en/Norwegian-Finans-Holding-ASA-Information-regarding-intragroup-merger-and-listing-of-Bank-Norwegian-ASA.html|access-date=2021-11-15|website=GlobeNewswire News Room|language=en}}) announced that Norwegian Air Shuttle had sold its entire shareholding in the company to Cidron Xingu Limited. Bank Norwegian was enlisted on the Oslo Stock Exchange from 17th of June 2016.
In November 2021, Nordax Bank AB completed acquisition of Bank Norwegian after a bidding process,{{Cite web|last=Nordax Group press release|date=2021-09-30|title=Receipt of SFSA approvals and accordingly the satisfaction of all regulatory approvals required to complete the recommended voluntary cash offer for all shares in Bank Norwegian ASA|url=https://www.nordaxgroup.com/press/press-release?id=4129C978768CBD3B&s=GOlExvdTf1qQHl-yjGzvRTf5paqwC9zAyEPE7dEIxdc|access-date=2022-03-04|website=Nordax Group|language=en}}{{Cite web|last=Nordax Group press release|date=2022-02-28|title=Year-end Report January–December 2021 Nordax Bank AB|url=https://www.nordaxgroup.com/press/press-release?id=393D9BA09025913A&s=feuMS0ryRwyxkJV3kCLtnB1jNRJ4G_vAx2b6nUclFXQ|access-date=2022-03-04|website=Nordax Group|language=en}} and the company was delisted from Oslo Stock Exchange on 15th of November 2021.{{Cite web|last=MFN.se|date=2021-11-10|title=Bank Norwegian ASA - Delisting|url=https://mfn.se/ob/a/bank-norwegian/bank-norwegian-asa-delisting-d32ac875|access-date=2022-03-04|website=MFN.se|language=en}} On November 30, the merger between the two banks was completed.{{Cite web |title=Successful merger |url=https://www.mynewsdesk.com/bank-norwegian/news/successful-merger-458211 |access-date=2022-12-15 |website=Mynewsdesk |language=en}} Jacob Lundblad is the current CEO.
References
External links
- [https://www.banknorwegian.no Official website Norway]
- [https://no.norwegianreward.com/?gclid=Cj0KEQjwvOC5BRCb_8yNmZ_ls9IBEiQACTz8vpTQ47B4O4NzC9bDQMTEy92VDgU2pfXx0ZomyMIzRqkaAvgt8P8HAQ Norwegian reward]
- [https://web.archive.org/web/20151107071300/http://www.norwegian.com/ Norwegian Air Shuttle]
- [https://www.banknorwegian.se Official website Sweden]
- [https://www.banknorwegian.fi Official website Finland]
- [https://www.borrow.fi/bank-norwegian-luottokortti// Norwegian Credit Card Finland]
- [https://www.banknorwegian.dk Official website Denmark]
{{Portal|Banks}}
{{Norwegian Air Shuttle}}
Category:Banks established in 2007
Category:Norwegian Air Shuttle
Category:2007 establishments in Norway