Ingka Group 49% owner of Ikano Bank

Following the news on 11 February that Ingka Investments B.V. is to become part-owner of Ikano Bank AB (publ), the transaction is now approved and finalised.

The part ownership will enable Ikano Bank to accelerate its digital transformation and further develop financial services that are flexible, affordable and convenient to fit the needs of both IKEA customers and others seeking access to finance through the Bank.

IKEA wants financial services to enable people to make room for all the important things in life, while keeping their budget in balance. They are on journey to offer financial services that are accessible and affordable, as part of their future customer eco-system. Together we will develop digital seamless consumer banking services, to create possibilities for better living for more people and businesses.

Henrik Eklund, CEO, Ikano Bank, comments:
“We welcome Ingka as part-owner of the Bank. The closer partnership enables us to further accelerate our transformation to become a fully digitalised bank for the many people and deliver accessible financial services to IKEA customers, as well as to our other valued partners and customers.”

Ingka Group, a strategic partner in the IKEA franchise system, operating 378 IKEA stores in 31 countries, will continue to work with a range of partners across all IKEA Retail countries to deliver financial services to its customers. Ikano Bank will also continue developing and working with its existing partners and other business lines delivering simple, fair and affordable services, enabling a healthy economy for the many people.

Read more in the press release.

Press contact

Ikano Bank
Katarina Erichs Emilson, Head of Ikano Bank Communications
[email protected], +46 (0)10 330 0003

This announcement contains information which Ikano Bank AB (publ) is obliged to make public pursuant to the EU Market Abuse Regulation ((EU) No 596/2014 of 16 April 2014). The information was submitted for publication, through the agency of the contact person set out above, at 09.30 CEST on 29 June, 2021.

Ikano Group
Marie Gällstad, Head of Ikano Group Communications,
[email protected], +352 691 488 320