MYBANK ASA

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Business Focus

direct retail banking

MyBank ASA is a pure online bank with offices in Oslo, offering consumer loans and savings accounts to natural persons.

Bank Category

Commercial banks

Services

retail banking

Clients

natural persons

Area Served

NONorway

Products

current accounts
savings accounts
time deposit accounts
consumer loans
car loans

Account Opening

Becoming a client of MYBANK ASA can be done in a few steps:

1.
Completely online
2.
Account is ready within a few minutes

Due to regulatory requirements MYBANK ASA performs KYC/AML checks when establishing business relationships with a new client. While onboarding a private individual MYBANK ASA will ask him/her to provide the following documents: passport; proof of address. For corporate clients MYBANK ASA will ask to provide corporate documentation as well as information about controlling persons. MYBANK ASA may request additional documentation or information depending on the case. Account opening procedure is usually completed within a few minutes.

Ways to Bank

MYBANK ASA delivers its products and services via direct (online) channels only, namely:
online banking
mobile app

Financials

Total Assets of MYBANK ASA
Operating_income of MYBANK ASA
Market Share of MYBANK ASA
Total Assets (2019)
872.72 mln NOK  (-3.81%)
Operating Income (2019)
-50,526,000.00 NOK  (-2.44%)

MYBANK ASA is the 116th largest bank in Norway in terms of total assets. In 2019 its total assets were 872,72 mln NOK, providing the bank with the market share of 0.02%. MYBANK ASA is the 22nd largest commercial bank in Norway (out of 24 commercial banks) having market share of 0.03% amongst the banks of this category. In 2019 the bank's operating income was -50,53 mln NOK.

Deposit Guarantee

Guarantee Fund
Norwegian Banks' Guarantee Fund (NBGF)Norwegian Banks' Guarantee Fund (NBGF)
Protected Amount
up to 2,000,000 NOK
Eligible Depositors
natural persons (Norwegian and foreign)
legal entities (Norwegian and foreign)
Covered Accounts
current accounts
savings accounts
time deposit accounts

MYBANK ASA participates in the deposit guarantee scheme of Norway. This deposit guarantee scheme applies to current accounts, savings accounts, time deposit accounts made by natural persons (Norwegian and foreign), legal entities (Norwegian and foreign) and covers up to up to 2,000,000 NOK per bank per depositor. MYBANK ASA is a member of Norwegian Banks' Guarantee Fund (NBGF) and makes its contributions into it.

Contacts

Enebakkveien 133, 0680, OSLO, Norway

MYBANK ASA is headquartered in OSLO.

Social Networks

MYBANK ASA has profiles at the following social networks:

Bank Identifiers

Company Number
916012683

Bank Supervision

Supervised By
Financial Supervisory Authority of Norway

MYBANK ASA is authorized and supervised by the Financial Supervisory Authority of Norway.

Bank History

Start Date
24 January 2017

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