Bank Norwegian is a fully digital bank that provides simple and competitive products to the retail customer market with a strong offering in personal loans, credit cards and savings.

Norwegian Finans Holding ASA, operating through its subsidiary Bank Norwegian, was established in 2007 and was listed on Oslo Børs in 2016. Bank Norwegian is operating from a centralised platform in Oslo and has more than 1.6 million customers in Norway, Sweden, Denmark and Finland. The business is based on leading digital solutions and analysis models, synergies with the airline Norwegian, attractive terms for its customers, cost-effective operations and effective risk selection.

On August 19, 2019, Nordic Capital and Sampo announced that they were to acquire 17.47% of the shares in Norwegian Finans Holding ASA, of which 7.50% is subject to approval by the Norwegian Financial Supervisory Authority and will be acquired once regulatory approval has been obtained. Nordic Capital and Sampo expect to hold around 64% and 36%, respectively, of the joint shareholding.

Both Nordic Capital and Sampo have great sector expertise in financial services and will as committed and active owners support Bank Norwegian’s further development to become a leading pan-European financial institution.

 

Sector

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Financial Services

Key Information

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Revenues 2018*

EUR 485 million

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Employees

85

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Ownership

Nordic Capital Fund IX

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Head office

Fornebu, Norway

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Investment date

2019

* Operating income