Ikano Bank

We create possibilities for better living by offering simple, fair and affordable services, enabling a healthy economy for the many people. Our offer to consumers includes private label cards, credit cards, savings, mortgages and loans. We deliver sales finance and customer insight services to retail partners and provide businesses with leasing and factoring solutions. We aim to grow significantly in the coming years by becoming a truly digital and entrepreneurial-driven bank – providing solutions that simplify people’s everyday life and help businesses grow.

2021 at a glance

No. of co-workers: 1,348
Business volume: 6 billion EUR

Open accounts

Loans: 839,000
Deposit accounts: 176,000
Leasing contracts: 66,000
Private label cards: 2 million
Visa/Mastercard: 451,000

Our markets

Ikano Bank AB (publ) is under the supervision of the Swedish Finansinspektionen and operates in 8 markets: Sweden, Denmark, Norway, Finland, United Kingdom, Germany, Austria, and Poland.

The year in brief

  • Extensive and long-term investments continue to drive our work to become a fully digital and sustainable bank.
  • Ingka Group became 49% part-owner in the bank which will further deepen the IKEA-Ikano relationship and ambition to bring financial solutions to more of the many.
  • Two products were launched based on new technologies: a credit solution in the UK and home mortgages in Sweden.
  • We received the Fairness Award in Germany and were nominated for several product awards for our newly launched credit solution in the UK.

Automated processes saved
hours of manual work
13% of our investments are made according to the Green Bond Principles framework
6 of 8 offices use

Ikano Bank LLC

Ikano Bank LLC and Ikano Bank AB (publ) are two separate legal entities.

Ikano Bank LLC was founded in 2013 as a joint venture between Ikano S.A. (Luxembourg) and Credit Europe Bank N.V. (Netherlands). Operating in Russia, the Bank offers consumer loans to IKEA stores and MEGA shopping centre customers as well as other financial services to the many people. 204 co-workers are employed at Ikano Bank LLC and the head office is located in Moscow, Russia.