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.

In August 2019, Nordic Capital together with Sampo signed an agreement to acquire 17.47% of the shares in Norwegian Finans Holding ASA and thereby became the largest shareholders when the acquisition was completed in October 2019.

On March 23, 2020, Nordic Capital strengthened its position as the largest shareholder, after which Nordic Capital holds 16.4% of the total shares outstanding.

In total, Nordic Capital and Sampo collectively own 22.7%. 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 as a leading northern-European financial institution.

 

 

Sector

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Financial Services

Key Information

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Revenues 2019*, **

EUR 530 million

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Employees

80

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Ownership

Nordic Capital Fund IX

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Head office

Fornebu, Norway

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Investment date

2019

* Q4 2019 Report, ** Operating income