BANK NORWEGIAN SETTLES IPR DISPUTE WITH NORWEGIAN

7 November 2023: We are pleased to share that following constructive dialogue with Norwegian, we have agreed to amicably settle our dispute. The details of the agreement are confidential. Bank Norwegian will continue to use and market the Bank Norwegian name as a part of NOBA Bank Group and our joint CashPoints collaboration will continue as is. The implementation of Bank Norwegian’s new profile will proceed as planned. We look forward to keep delivering market-leading and flexible financial services to our customers.

About NOBA Bank Group

With a diversified offering through three brands, Nordax Bank, Bank Norwegian and Svensk Hypotekspension, plus two million customers, we have the size, the skill, and the scale to enable healthier finances for more. NOBA collates specialised, customer-centric, financial offerings that are sustainable for the individual, the bank and society at large, both today and tomorrow. NOBA Bank Group AB (publ) (“NOBA”) is owned by Nordic Capital Fund IX, Nordic Capital Fund VIII and Sampo. Today, the NOBA group has approximately 650 employees and is active in seven markets.

As of 30 June 2023, lending to the public amounted to SEK 101.5 billion and deposits to SEK 87.2 billion.
Read more about NOBA and our brands at www.noba.bank.