Sbanken ASA is a Norwegian

online bank Online banking, also known as internet banking, web banking or home banking, is an electronic payment system that enables customers of a bank or other financial institution to conduct a range of financial transactions through the financial insti ...

headquartered in

Bergen Bergen (), historically Bjørgvin, is a city and municipality in Vestland county on the west coast of Norway. , its population is roughly 285,900. Bergen is the second-largest city in Norway. The municipality covers and is on the peninsula o ...

. The CEO is Øyvind Thomassen.

History

The bank was founded by

Skandia Skandia is a financial services corporation in Sweden. History Skandia started out as a Swedish insurance company in 1855. Today the brand operates in Europe, Latin America, and Asia. Skandia also operates an internet bank called Skand ...

as a branch of its existing bank in Sweden,

Skandiabanken Skandiabanken (founded on October 3, 1994) is a Swedish online bank owned by Skandia. It has its headquarters in Stockholm, and conducts most of its business over the internet and via telephone. The Norwegian branch of Skandiabanken, founded on A ...

, on April 27, 2000, and became the first online-only bank in

Norway Norway, officially the Kingdom of Norway, is a Nordic country in Northern Europe, the mainland territory of which comprises the western and northernmost portion of the Scandinavian Peninsula. The remote Arctic island of Jan Mayen and t ...

. Skandiabanken Norway was separated from Skandiabanken Sweden and further Skandia group in 2015, becoming its own company ''Skandiabanken ASA'', and was consequently renamed ''Sbanken ASA'' on November 6, 2017. In August 2020, Sbanken had 460,000 customers, and as of 31 December 2019, it had total assets of approx. 93 billion. The bank has over 400 employees. Sbanken ASA is listed on the

Oslo Stock Exchange Oslo Stock Exchange ( no, Oslo Børs) (OSE: OSLO) is a stock exchange within the Nordic countries and offers Norway’s only regulated markets for securities trading today. The stock exchange offers a full product range including equities, deriv ...

. In and by mid 2022 after decisions made by norwegian government bureau for complaints on decisions made by the Norwegian government department for commerce and competition in the summer of 2022 the Norwegian bank giant DNB ( Den Norske Bank) was finally allowed to buy and take over its competitor, despite the norwegian government office for competition banning the take over attempt earlier in the year and stopping the takeover in 2021.

External links

Official websiteSbanken on Facebook

Sbanken on Instagram

References

{{Reflist Banks of Norway Banks established in 2000 Norwegian companies established in 2000 Companies based in Bergen Companies listed on the Oslo Stock Exchange Online banks