Sbanken

For the Finnish bank using the Swedish name S-Banken, see S-Bank.

Sbanken ASA

Company type	Public Allmennaksjeselskap
Traded as	OSE: SBANK
ISIN	NO0010739402
Industry	Financial services
Predecessor	Skandiabanken
Founded	2000 2015 (as separate company)
Founder	Skandia
Headquarters	Bergen, Norway
Area served	Norway
Revenue	1,403,691,000 NOK (2021) 1,458,548,000 NOK (2020)
Operating income	924,193,000 NOK (2021) 1,077,662,000 NOK (2020)
Net income	767,230,000 NOK (2021) 784,603,000 NOK (2020)
Total assets	79,110,860,000 NOK (2021) 75,488,860,979 NOK (2020)
Number of employees	400
Website	sbanken.no

Sbanken ASA is a Norwegian online bank headquartered in Bergen.^[1]

The CEO is Øyvind Thomassen.^[2]

History

The bank was founded by Skandia as a branch of its existing bank in Sweden, Skandiabanken, on April 27, 2000, and became the first online-only bank in Norway.^[3][4] 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.^[5][6]

In August 2020, Sbanken had 460,000 customers, and as of 31 December 2019, it had total assets of approx. 93 billion.^[7] The bank has over 400 employees.^[8]

Sbanken ASA is listed on the Oslo Stock Exchange.^[9][10]

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 DNB 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 website
• Sbanken on Facebook
• Sbanken on Instagram

References

1. Reuters Editorial. "SBANK.OL - Sbanken ASA Profile | Reuters". www.reuters.comundefined. Retrieved 2021-09-24. {{cite web}}: |author= has generic name (help)
2. "Sbanken ASA". Altor. Retrieved 2021-09-24.
3. "SKANDIABANKEN ASA". Business Insider. Retrieved April 14, 2021.
4. "SBANK: Sbanken ASA Stock Price Quote - Oslo - Bloomberg". Bloomberg.com. Retrieved 2021-09-24.
5. "Historie". Sbanken (in Norwegian). Retrieved April 14, 2021.
6. "Sbanken ASA, SBANK:OSL summary - FT.com". markets.ft.com. Retrieved 2021-09-24.
7. Kristian K. Fredheim. "Om Sbanken ASA". NTB Kommunikasjon (in Norwegian). Retrieved April 14, 2021.
8. "Om Sbanken". Sbanken (in Norwegian). Retrieved April 14, 2021.
9. "Sbanken ASA". Altor. Retrieved 2021-09-24.
10. "SBANKO, SBANKEN, (NO0010739402)".