Bank Norwegian
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| Company type | Public company |
|---|---|
| OSE: NOFI | |
| Industry | Bank |
| Founded | 2007 |
| Headquarters | Fornebu, Norway |
Area served | Norway Sweden Finland Denmark |
Key people | Tine Wollebekk (CEO) John Høsteland (Chairman) |
| Products | Consumer loan, deposit and credit card |
| Revenue |  NOK 1,5 billion (2015)[1] |
54,100,000 Norwegian krone  | |
| NOK 539 million (2015)[1] | |
| Total assets | NOK 17,5 billion (2015)[1] |
| Total equity | NOK 1,7 billion (2015)[1] |
Number of employees | 64 (2015) [1] |
| Parent | Norwegian Finans Holding ASA |
| Website | www.banknorwegian.no |
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.[2][3] Norwegian Air Shuttle owns 20% of the bank.[4]
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).[5] In September 2007, Bank Norwegian received a commercial bank operating license from the Norwegian Ministry of Finance.[6] 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.[7] The earlier anticipated synergy between the bank and the airline was a reality.[8] The bank began providing services in Sweden in May 2013[9] and in Denmark and Finland in December 2015.[1] On 5 April 2016, Bank Norwegian announced plans to list the company on the Oslo Stock Exchange during the second quarter of 2016.[10][11]
References
- ^ a b c d e f "Annual Report 2015 Norwegian Finans Holding ASA" (PDF). Norwegian Finans Holding ASA.
- ^ "Nøkkelopplysninger fra Enhetsregisteret – Brønnøysundregistrene". w2.brreg.no. Retrieved 2016-05-16.
- ^ "Announcements: Norwegian Finans Holding ASA : STRONG GROWTH AND EARNINGS IN BANK NORWEGIAN". Bank Norwegian. Retrieved 2018-05-02.
- ^ "Norwegian's creative accounting - Leeham News and Comment". Leeham News and Comment. 2018-03-07. Retrieved 2018-05-02.
- ^ NRK. "Norwegian gir kundene bank". NRK. Retrieved 2016-05-16.
- ^ Finansdepartementet (2007-09-19). "Bank Norwegian AS gis tillatelse til å drive virksomhet som forretningsbank". Regjeringen.no (in Norwegian). Retrieved 2016-05-16.
- ^ "How To Earn Free Flights With Norwegian". www.lifeinnorway.net. Retrieved 2018-05-02.
- ^ E24. "Norwegian vil gi bonus og kreditt". E24. Retrieved 2016-05-16.
{{cite web}}: CS1 maint: numeric names: authors list (link) - ^ Brakstad, Tommy H. S. "Svindal og Kjos starter bank i Sverige". Nettavisen. Retrieved 2016-05-16.
- ^ "Norwegian Finans Holding ASA – Contemplated Private Placement and listing on the Oslo Stock Exchange" (PDF). Norwegian Finans Holding ASA.
- ^ "Bank Norwegian's owner plans initial public offering in Q2". Reuters. 2016-04-05. Retrieved 2016-05-16.