Founded in 2007 as a digital bank, Bank Norwegian is a fully digital and flexible bank that provides simple, standardized deposit and lending products via the Web. In 2013, Bank Norwegian expanded its operations to Swedish market. In 2015, the bank expanded further within the Nordic countries, to both Denmark and Finland.
Becoming a client of BANK NORWEGIAN AS can be done in a few steps:
Due to regulatory requirements BANK NORWEGIAN AS performs KYC/AML checks when establishing business relationships with a new client. While onboarding a private individual BANK NORWEGIAN AS will ask him/her to provide the following documents: passport; proof of address. For corporate clients BANK NORWEGIAN AS will ask to provide corporate documentation as well as information about controlling persons. BANK NORWEGIAN AS may request additional documentation or information depending on the case. Account opening procedure is usually completed within a few minutes.
BANK NORWEGIAN AS is the 10th largest bank in Norway in terms of total assets. In 2019 its total assets were 57 883,72 mln NOK, providing the bank with the market share of 1.40%. BANK NORWEGIAN AS is the 4th largest commercial bank in Norway (out of 24 commercial banks) having market share of 2.23% amongst the banks of this category. In 2019 the bank's operating income was 2 644,52 mln NOK.
BANK NORWEGIAN AS 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. BANK NORWEGIAN AS is a member of Norwegian Banks' Guarantee Fund (NBGF) and makes its contributions into it.
BANK NORWEGIAN AS is headquartered in LYSAKER.
BANK NORWEGIAN AS is authorized and supervised by the Financial Supervisory Authority of Norway (reference number 991455671).