BRABANK ASA

Business Focus

direct retail banking

Established in 2015 in Bergen, BRABank is a new fully digital bank that is passionate about providing customers with the best experiences. BRABank redefines banking for individuals through simple and user-friendly services, and by working purposefully with innovation and development. BRABank offers current and savings account, consumer loans to private individuals in Norway, Sweden, Finland, Germany, Spain, Austria and France.

Bank Category

Commercial banks

Services

retail banking

Clients

natural persons

Area Served

NONorway
SESweden
FIFinland
ATAustria
DEGermany
ESSpain
FRFrance

Products

current accounts
savings accounts
debit cards
credit cards
consumer loans

Account Opening

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

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

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

Ways to Bank

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

Financials

Total Assets of BRABANK ASA
Operating_income of BRABANK ASA
Market Share of BRABANK ASA
Total Assets (2019)
6,342.11 mln NOK  (+1,841.61%)
Operating Income (2019)
-163,526,000.00 NOK  (+242.73%)

BRABANK ASA is the 50th largest bank in Norway in terms of total assets. In 2019 its total assets were 6 342,11 mln NOK, providing the bank with the market share of 0.15%. BRABANK ASA is the 13th largest commercial bank in Norway (out of 24 commercial banks) having market share of 0.24% amongst the banks of this category. In 2019 the bank's operating income was -163,53 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

BRABANK 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. BRABANK ASA is a member of Norwegian Banks' Guarantee Fund (NBGF) and makes its contributions into it.

Contacts

Drammensveien 151, 0277, OSLO, Norway
(+47) 23 29 66 90

BRABANK ASA is headquartered in OSLO.

Social Networks

BRABANK ASA has profiles at the following social networks:

Bank Identifiers

LEI
213800UP153S5RQWJX46
Company Number
913460715

Bank Supervision

Supervised By
Financial Supervisory Authority of Norway
Reference Number
913460715

BRABANK ASA is authorized and supervised by the Financial Supervisory Authority of Norway (reference number 913460715).

Bank History

Start Date
12 June 2018

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