Bank Norwegian
Bank Norwegian is an online retail bank offering deposit and lending products through the internet. It operates as a brand and Norwegian branch of NOBA Bank Group AB (publ) of Sweden. It was formerly Bank Norwegian AS, a wholly owned subsidiary of Norwegian Finans Holding ASA, which traded on the Oslo Stock Exchange under the ticker NOFI until 20 July 2021. The bank was renamed Bank Norwegian ASA in April 2021, absorbed the holding company in a reversed parent-subsidiary merger and took over its listing under the ticker BANO, and was delisted from Oslo Børs on 15 November 2021 after Nordax Bank AB (publ) acquired it.
It offers savings and current accounts, consumer loans, debit and credit cards, home renovation loans, boat loans, refinancing small loans and other services. Bank Norwegian was established in 2007 and was a wholly owned subsidiary of Norwegian Finans Holding ASA (NFH) until 20 July 2021, when it was renamed Bank Norwegian ASA, absorbed NFH in a reversed parent-subsidiary merger and continued NFH's listing on the Oslo Stock Exchange under the ticker BANO. The Bank started operations in Sweden in May 2013 and commenced its business in Denmark and Finland in December 2015. As of 2017 it provided financial services to over 1 million customers and employed approximately 70 people, and as of March 31, 2017 Bank Norwegian AS had total assets of NOK 35.1 billion, customer loans of NOK 27.2 billion and deposits of NOK 28.3 billion. Nordax Bank AB (publ) completed a recommended voluntary cash offer of NOK 105 per share for Bank Norwegian ASA on November 2, 2021, reaching approximately 95.6 per cent of the share capital and voting rights, and announced a compulsory acquisition of the remaining shares on November 3, 2021. Oslo Børs resolved on November 10, 2021 to delist the shares, the last day of listing being November 12, 2021 and delisting taking effect from November 15, 2021. The intragroup merger of Bank Norwegian ASA into Nordax Bank AB (publ) was completed on November 30, 2022, with the business continuing through Nordax's Norwegian branch, and Nordax was renamed NOBA Bank Group AB (publ) on June 7, 2023. NOBA serves over 2 million customers in 8 markets with a loan portfolio of over SEK 130 billion, of which Bank Norwegian accounts for more than 1.5 million customers.
Top 10 Shareholders (Norwegian Finans Holding ASA, historical; the company was dissolved on 20 July 2021 when it was absorbed by Bank Norwegian ASA, whose shares were delisted from Oslo Børs in November 2021)
| Rank | Shareholder | |
| 1 | Norwegian Air Shuttle | 20,0 % |
| 2 | Fortelus Special Situations Fund | 8,3 % |
| 3 | Stenshagen Invest AS | 4,6 % |
| 4 | Brumm AS | 4,1 % |
| 5 | Green 91 AS | 3,4 % |
| 6 | Folketrygdfondet | 3,4 % |
| 7 | Protector Forsikring | 2,6 % |
| 8 | Swedbank Robur Nordenfond | 2,2 % |
| 9 | Swedbank Robur Småbolagsfond Norden | 2,2 % |
| 10 | Sneisungen AS | 2,2 % |
Head office address:
Lybekkergata 2
Sentrum, Oslo, 0101
Norway
Phone number: + 47 23 36 16 99
Hours: Monday to Friday, 10 am – 16 pm
SWIFT code: NORWNOK1
Website: www.banknorwegian.no, www.banknorwegian.se
Following the merger, the Norwegian business is registered as NOBA Bank Group AB (publ) NUF, organisation number 916 573 154, with a business address at Snarøyveien 36, Fornebu, and 235 employees. Its registered name was Bank Norwegian, en filial av Nordax Bank AB (publ), from November 2022 to June 2023.
Last updated