KLP Banken is a Norwegian direct bank, offering a broad range of retail banking products (including loans, savings accounts, current accounts and payment cards) at competitive prices via the Internet. KLP Banken is a member of KLP (Kommunal Landspensjonskasse) Group, a mutual-owned company, providing pension finance and insurance services to municipalities and counties, hospitals and businesses in both the public and private sectors, and to their employees.
Becoming a client of KLP BANKEN AS can be done in a few steps:
Due to regulatory requirements KLP BANKEN AS performs KYC/AML checks when establishing business relationships with a new client. While onboarding a private individual KLP BANKEN AS will ask him/her to provide the following documents: passport; proof of address. For corporate clients KLP BANKEN AS will ask to provide corporate documentation as well as information about controlling persons. KLP BANKEN AS may request additional documentation or information depending on the case. Account opening procedure is usually completed within a few minutes.
KLP BANKEN AS is the 28th largest bank in Norway in terms of total assets. In 2019 its total assets were 15 099,10 mln NOK, providing the bank with the market share of 0.37%. KLP BANKEN AS is the 11th largest commercial bank in Norway (out of 24 commercial banks) having market share of 0.58% amongst the banks of this category. In 2019 the bank's operating income was 72,92 mln NOK.
KLP BANKEN AS is rated by Moody's. Long-term credit rating assigned to the bank by Moody's is A1 (upper medium grade).
KLP BANKEN 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. KLP BANKEN AS is a member of Norwegian Banks' Guarantee Fund (NBGF) and makes its contributions into it.
KLP BANKEN AS is headquartered in TRONDHEIM.
KLP BANKEN AS is authorized and supervised by the Financial Supervisory Authority of Norway (reference number 993821837).