US/UK/Canada

Share

Contacts

  • Ikano Bank AB (publ)
    • Pick a time period -
    Tags ( Active)

    Ingka Group completes acquisition of Ikano Bank to strengthen its financial services offer for IKEA customers

    Ingka Group today announced the completion of the full acquisition of Ikano Bank AB (publ), following the required approvals from regulatory authorities. With this acquisition, Ingka Group becomes the sole owner of Ikano Bank, further strengthening its ability to offer affordable and accessible financial services to IKEA customers. As part of this transition, changes to the board of directors and management at Ikano Bank will come into effect.  Following clearances from the Swedish Financial Supervisory Authority (Finansinspektionen), the European Commission, and other relevant

    Ikano Bank completes acquisition of Swedish consumer finance portfolio worth SEK 3.4 billion

    Ikano Bank AB (publ) has, following approvals from relevant authorities, completed the acquisition of Nordnet Bank AB’s consumer loan portfolio, which was announced on 19 April 2024. The purchase price amounts to approximately SEK 3.5 billion.    The acquisition is in line with Ikano Bank's growth strategy and represents a significant increase of its consumer lending business in Sweden. The purchase price amounts to approximately SEK 3.5 billion, which corresponds to 101.6 percent of the transferred volume. As of 30 September, the lent volume amounts to approximately SEK 3.4 billion

    Ikano Bank AB (publ) Interim Report 30 June 2024

    “Our extensive work to build a more efficient bank continues. Through the amazing commitment from our co-workers and significant IT investments, the customer experience is improving, which lays the foundation for strong growth. At the same time, it is an intense effort in an uncertain and economically challenging environment. Ingka's decision to purchase the remaining shares of the Bank further strengthens our growth prospects going forward and is a testament that we are on the right path with what we have done so far.” Henrik Eklund, CEO, Ikano Bank AB (publ)  Results for the first

    Ikano Bank to buy Swedish consumer finance portfolio worth SEK 3.8 billion

    Ikano Bank AB (publ) today entered into an agreement to acquire Nordnet Bank AB’s consumer finance portfolio. The portfolio volume as of the end of March 2024 amounted to approx. SEK 3.8 billion and the number of customers to approximately 26,000. The acquisition is expected to be closed during the second half of 2024 following regulatory approvals.The acquisition is expected to grow Ikano Bank’s consumer loan business in Sweden considerably and is well in line with the Bank's growth strategy and ongoing change journey. ”We are well on our way of becoming a fully digital bank, with even

    Strengthening the IKEA financial services offer - Ingka Investments to acquire full ownership of Ikano Bank

    Ingka Investments B.V. has reached an agreement to acquire the remaining 51% shares in Ikano Bank AB (publ) from Ikano S.A., to become the full owner of Ikano Bank AB (publ). Ingka Investments became a 49% shareholder in Ikano Bank AB (publ) in June 2021, with an option to acquire the remaining shares at a later date. This transaction remains subject to approval by relevant regulatory authorities.   Enabling financial services through a seamless omni experience is a core part of Ingka Group’s journey to make IKEA even more affordable, accessible and sustainable for its customers.

    Ikano Bank's annual and sustainability reports published at www.ikanobank.se

    The Ikano Bank AB (publ) annual report (in Swedish and English) and sustainability report (in English) for 2023 are now available to download here:https://ikanobank.se/om-banken/ekonomisk-information   In his statement for the year CEO Henrik Eklund comments: “We are a customer-oriented bank, offering simple and affordable financial solutions on fair terms. In 2023, we have continued to deliver on our multiannual plan. The aim is to strengthen our commercial relevance, increase volumes and streamline operations - to create profitable growth. We are well on our way to becoming

    Ikano Bank AB (publ) Year-End Report 2023

    “In 2023, we have continued to deliver on our multiannual plan for profitable growth and we are well on our way to becoming a fully digital bank, with better opportunities to offer simple financial services that suit the needs of the many people and businesses.”   Henrik Eklund, CEO, Ikano Bank AB (publ)   Second half year 2023 · Operating result before loan losses increased to SEK 234 m (151) mainly because of higher operating income. · Net Interest Income excluding leasing increased to SEK 1,085 m (1,018) as a result of improved margins. · Net commission income

    Ikano Bank AB (publ) Interim Report 30 June 2023

    “Together we are making a comprehensive change, creating a more commercially relevant bank with profitable growth, where we provide our customers with accessible financial services. It involves a technical, organisational and cultural change at Ikano Bank, and our transformation continues in full force. At the same time, we are experiencing troubled and challenging times, with rising inflation, higher interest rates and the war in Ukraine, which further reinforces the need for simple financial services for the many people. The investments that have weighed on our results in recent years are

    Ikano Bank's annual and sustainability reports published at www.ikanobank.se

    The Ikano Bank AB (publ) Annual report (in Swedish and English) and Sustainability report (in English) for 2022 are now available to download here: https://ikanobank.se/om-banken/ekonomisk-information   In his statement for the year CEO Henrik Eklund comments:   “We are making extensive changes in the Bank to increase customer satisfaction, growth and profitability. Work that has been further accelerated since Ingka became part-owner of the Bank in the summer of 2021. Transforming the bank involves major challenges, both commercially, technically, and organisationally. Our long-

    Ikano Bank AB (publ) Year-end report 2022

    A new bank is emerging”We are well on our way to deliver on our long-term goal of strengthening the Bank's commercial relevance. Our extensive transformation is carried out to increase customer satisfaction, growth and profitability. A transformation that has accelerated further since Ingka stepped in as a co-owner during the summer of 2021. Step by step digitisation is increasing and I am happy to state that we are delivering according to plan while at the same time keeping our customers in focus.” Henrik Eklund, CEO, Ikano Bank AB (publ)    Lending

    Ikano Bank announces results of tender offer for outstanding bonds

    NOT FOR DISTRIBUTION IN OR INTO OR TO ANY PERSON LOCATED OR RESIDENT IN THE UNITED STATES, ITS TERRITORIES AND POSSESSIONS (INCLUDING PUERTO RICO, THE U.S. VIRGIN ISLANDS, GUAM, AMERICAN SAMOA, WAKE ISLAND AND THE NORTHERN MARIANA ISLANDS, ANY STATE OF THE UNITED STATES AND THE DISTRICT OF COLUMBIA) OR TO ANY U.S. PERSON (AS DEFINED IN REGULATION S OF THE UNITED STATES SECURITIES ACT OF 1933, AS AMENDED) OR IN ANY JURISDICTION WHERE IT IS UNLAWFUL TO RELEASE, PUBLISH OR DISTRIBUTE THIS DOCUMENT. THE DISTRIBUTION OF THIS DOCUMENT IN CERTAIN JURISDICTIONS (IN PARTICULAR, THE UNITED STATES AND

    Ikano Bank announces tender offer regarding outstanding bonds

    NOT FOR DISTRIBUTION IN OR INTO OR TO ANY PERSON LOCATED OR RESIDENT IN THE UNITED STATES, ITS TERRITORIES AND POSSESSIONS (INCLUDING PUERTO RICO, THE U.S. VIRGIN ISLANDS, GUAM, AMERICAN SAMOA, WAKE ISLAND AND THE NORTHERN MARIANA ISLANDS, ANY STATE OF THE UNITED STATES AND THE DISTRICT OF COLUMBIA) OR TO ANY U.S. PERSON (AS DEFINED IN REGULATION S OF THE UNITED STATES SECURITIES ACT OF 1933, AS AMENDED) OR IN ANY JURISDICTION WHERE IT IS UNLAWFUL TO RELEASE, PUBLISH OR DISTRIBUTE THIS DOCUMENT. THE DISTRIBUTION OF THIS DOCUMENT IN CERTAIN JURISDICTIONS (IN PARTICULAR, THE UNITED STATES AND

    Ikano Bank AB (publ) Interim Report 30 June 2022

    “The need for a simple, transparent bank with fair terms, contributing to a healthy economy for the many people and businesses is more relevant than ever. Our comprehensive transformation, under which we are making major investments in the best technology, delivers on exactly this and has been accelerated further with Ingka’s investment in the Bank last year and we are seeing early positive results from delivered products. At the same time, we are heading towards tougher financial times with, among other things, rising inflation, increased energy costs and higher interest rates, which

    New board member in Ikano Bank

    Lone Fønss Schrøder elected new member¹ of the Ikano Bank AB (publ) board as Krister Mattsson is leaving to take on other board memberships.   At an extraordinary general meeting on Tuesday 31 May 2022, the shareholders of Ikano Bank AB (publ), Ikano S.A. and Ingka Investments B.V., elected Lone Fønss Schrøder as new member of the board. Lone will replace Krister Mattsson as Ingka representative on the board.    Krister Mattsson has taken on other board assignments including Stichting Ingka Foundation, the owner of Ingka Group which limits him to continue as board member of

    Ikano Bank's annual and sustainability reports published at www.ikanobank.se

    The Ikano Bank AB (publ) Annual report (in Swedish and English) and Sustainability report (in English) for 2021 are now available to download here: https://ikanobank.se/om-banken/ekonomisk-information   In his statement for the year CEO Henrik Eklund comments:   “We are on our way to become a fully digitalised sustainable bank. In 2021 we successfully launched the first two products based on new technology. The completed part-ownership by Ingka Group creates huge possibilities, and we have accelerated the transformation further. The goal is to have a new bank in place within a

    Ikano Bank board of directors elected

    Ikano Bank AB (publ) board of directors elected at the Annual General Meeting held 5 April 2022.   At the Annual General Meeting (AGM) of the bank, the shareholders Ikano S.A. and Ingka Investments B.V., re-elected Diederick van Thiel, Heather Jackson, Lars Thorsén, Mats Håkansson, Yohann Adolphe, Viveka Strangert, Krister Mattsson, Mikael Palmquist and Lars Ljungälv as board members. At the AGM, Nigel Hinshelwood was also elected new member of the board[1]. At the inaugural board meeting Mats Håkansson was re-elected as chairperson of the board and Nigel Hinshelwood was appointed

    Ikano Bank AB (publ) Year-End Report 2021

    “We are on our way to becoming a fully digitalised, sustainable bank. During 2021 we successfully launched the first two products on our new digital platform. Ingka Group became part-owner of the Bank during the year creating huge possibilities. We accelerated the transformation further in order to have a renewed bank within a few years where we have shut down legacy systems. We have a long-term strategy underpinning everything we do. We offer simple and fair financial solutions based on the latest technology thereby giving better access to finance to more of the many people.” Henrik

    Ikano Bank completes acquisition of Danish consumer finance portfolio

    Ikano Bank AB (publ) has completed the acquisition of Basisbank A/S consumer loan portfolio, which was announced on 27 October 2021. The acquisition was conditional upon regulatory approvals from the Swedish and Danish financial supervisory authority, respectively, and the approvals have now been obtained.The acquisition will significantly grow Ikano Bank’s consumer lending business in Denmark and is well in line with the Bank’s growth strategy and ambitious transformation journey.   Ikano Bank is working closely together with Basisbank to transfer customer accounts and ensure

    Ikano Bank to buy Danish consumer finance portfolio worth 2 billion

    Ikano Bank AB (publ) has entered into an agreement to buy Basisbank A/S consumer finance portfolio representing approximately 2 billion DKK (270 million EUR) in loan book value.Following regulatory approvals, the transaction will significantly grow Ikano Bank’s consumer lending business in Denmark, since Basisbank’s loan book makes up almost 10% of the 25 billion DKK Consumer Finance niche market. This is well in line with Ikano Bank’s growth strategy and fits well into the bank’s ambitious transformation journey. “We are on an exciting journey to transform the bank and look forward to

    Ikano Bank AB (publ) Interim Report 30 June 2021

    Results as expected, continued investments in digital solutions, and Ingka new part-owner“The first half of 2021 has been a successful phase in our strategic renewal journey. We are on our way to become a fully digitalised, sustainable bank. In the spring, our first product was successfully launched on the new platform. In June, we brought in Ingka as part-owner. The closer partnership with Ingka makes it possible to further accelerate the transformation of the Bank. Together, we now have even more power to accelerate towards the future.” Henrik Eklund, CEO, Ikano Bank AB (publ)

    Ingka Group becomes 49% owner of Ikano Bank

    Ingka Investments B.V. becomes part-owner of Ikano Bank AB (publ), until today wholly owned by Ikano S.A. Following approvals from relevant authorities Ingka Investments B.V. has today obtained a 49 % stake in the Bank through a directed issue of new shares by Ikano Bank.Following approvals from the Swedish Financial Supervisory Authority (Finansinspektionen) and relevant competition authorities the transaction has been finalised between the parties. Ingka Investments B.V. has subscribed to 9,612 shares issued by Ikano Bank at a total subscription price of SEK 4,555,752,588. Ingka’s

    Ikano Bank's annual report and sustainability report published at www.ikanobank.se

    Ikano Bank AB (publ) Annual report (in Swedish and English) and Sustainability report (in English) for 2020 are now available to download here: https://ikanobank.se/om-banken/ekonomisk-information A new bank emergesIn his statement for the year CEO Henrik Eklund writes:“We will all remember 2020 as the year when everything was turned upside down and many things we take for granted changed completely. It is also the year, when Ikano Bank is in the middle of the biggest transformation ever.With committed employees and innovative solutions, we are launching a new platform, which will

    Ikano Bank AB (publ) Year-End Report 2020

    “2020 is the first year in our two-year strategy to lay the foundation for the new bank. The work is proceeding according to plan. The goal of our transformation is to become more relevant to our customers, continue to work for a sustainable society and be an attractive employer.    Without doubt 2020 will be remembered as the year when everything was turned upside down and many things we take for granted changed completely. It is also the year, when we at Ikano Bank are in the middle of our biggest transformation ever. With committed employees and innovative solutions, we are launching a

    There are no items matching the current filter
    There are no more items matching the current filter
    Back to top

    Subscribe

    Media