Bank Norwegian


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 office building. On August 19th, 2019, Bank Norwegian's parent company Norwegian Finans Holding ASA announced that Norwegian Air Shuttle had sold its entire shareholding in the company to Cidron Xingu Limited.

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. 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 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.