Bank Norwegian AS: Bank Norwegian launches operations in Denmark and Finland


Bank Norwegian launches today operations in Denmark and Finland. After a successful establishment in Sweden, the expansion continues in the Nordic countries.

The bank will initially offer consumer loans and deposit accounts, and will during the first half of 2016 also offer "Norwegian Reward", a combined credit card and reward card for the airline Norwegian. The establishment in Denmark and Finland will increase loan growth and is expected to be profitable after two years of operations.

Bank Norwegian is an internet based bank offering simple and competitive products to the retail market. The operations are based on leading e-commerce solutions, synergies with the airline Norwegian, attractive terms for our customers, cost-effective operations and effective risk selection.

If you have questions you may call;

CEO Erik Jensen; phone:  +4792634501
or CFO Pål Svenkerud; phone:  +4793403904

https://www.banknorwegian.no

This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.
GlobeNewswire