Nordax Bank is making a bid of 17.8 billion Norwegian kroner for all shares in Norwegian's finance company Norwegian Finans Holding, including Bank Norwegian.

Nordax will finance the purchase through a mixture of its own money and loans.

Nordax says in a press release that it has strong confidence in Bank Norwegian, and that the bank will be able to continue to grow together with Nordax.

Jacob Lundblav, CEO of Nordax, writes that “Bank Norwegian has demonstrated profitable growth, scalability of its platform, and resilience in the corona pandemic and the current macroeconomic environment.”.

Source: TT