Bank Norwegian, en filial av Nordax Bank AB (publ) is a Norwegian digital bank which provides loans, credit cards and savings accounts to consumers. 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.

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). In September 2007, Bank Norwegian received a commercial bank operating license from the Norwegian Ministry of Finance. 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. The bank began providing services in

Sweden Sweden, formally the Kingdom of Sweden,The United Nations Group of Experts on Geographical Names states that the country's formal name is the Kingdom of SwedenUNGEGN World Geographical Names, Sweden./ref> is a Nordic country located on ...

in May 2013 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) 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 Oslo Stock Exchange ( no, Oslo Børs) (OSE: OSLO) is a stock exchange within the Nordic countries and offers Norway’s only regulated markets for securities trading today. The stock exchange offers a full product range including equities, deriv ...

from 17th of June 2016. In November 2021, Nordax Bank AB completed acquisition of Bank Norwegian after a bidding process, and the company was delisted from Oslo Stock Exchange on 15th of November 2021. On November 3oth, the merger between the two banks was completed.

History

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External links