Ikano Bank

Ikano Bank is a consumer finance bank established in 1995 by Ingvar Kamprad (the founder of IKEA). It offers loans, savings accounts and partner business supplying sales finance to large retailers, including IKEA, Volkswagen, Audi, Lindex, Hemtex, Skoda, Shell and Preem.

Ikano Bank
FormerlyIkanobanken
IndustryRetail banking
Founded1995 (1995) in Älmhult, Sweden
FounderIngvar Kamprad
Headquarters
Malmö
,
Sweden
Number of locations
1
Number of employees
4,600 [1]
Parent
  • Ingka Investments
  • (2024–present)

Ikano Bank has its head office in Malmö, with branch offices in Sundbyberg, Älmhult, Asker, Glostrup, Nottingham, and Helsinki. The firm also conducts business in Germany, Poland, Austria, Finland, and Russia via separate companies.

History

In 1995, Ingvar Kamprad (the founder of IKEA) started Ikanobanken, with one branch office in Älmhult, Sweden. Fifteen years later, Ikanobanken became Ikano Bank, merging with other entities within the IKANO Group.

Until 2024, it was owned by its founder's family through IKANO, a group of businesses which also includes insurance, retail, and real estate in many countries. Minority partner, Ingka Investments completed the acquisition of full control of Ikano Bank in 2024.[2]

References
  1. "Ikano Bank Group Facts & Figures" (PDF). Ikano Bank. 2016. Archived from the original (PDF) on 19 August 2017. Retrieved 19 August 2017.
  2. "Ingka Investments completes acquisition of Ikano Bank". Retail Asia. Retrieved 2024-04-02.
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