Puneet Varma (Editor)

Bank Norwegian

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Type
  
Public company

Industry
  
Bank

Founded
  
2007

Number of employees
  
64 (2015)

Total assets
  
175 billion NOK (2015)

Traded as
  
OSE: NOFI

Revenue
  
15 billion NOK (2015)

Headquarters
  
Fornebu

Net income
  
539 million NOK (2015)

Total equity
  
17 billion NOK (2015)

Bank Norwegian httpsnonorwegianrewardcomuploadpartnerssvg

Area served
  
Norway Sweden Finland Denmark

Key people
  
Erik Jensen (CEO) Bjørn H. Kise (Chairman)

Products
  
Consumer loan, deposit and credit card

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Bank Norwegian AS is a Norwegian internet 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 is co-located with Norwegian in the Diamanten ('The Diamond') office building. Norwegian Air Shuttle owns 20% of the bank.

Contents

Bank norwegian l n


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 earlier anticipated synergy between the bank and the airline was a reality. The bank began providing services in Sweden in May 2013 and in Denmark and Finland in December 2015. On 5 April 2016, Bank Norwegian announced plans to list the company on the Oslo Stock Exchange during the second quarter of 2016.

References

Bank Norwegian Wikipedia