Ikano Bank is a consumer finance bank established in 1995 by Ingvar Kamprad (the founder of IKEA). It started with just one branch office in Älmhult, Sweden, but merged in 2009 with other entities within the IKANO Group. It now has its head office in Malmö with branch offices in Sundbyberg, Älmhult, Asker, Glostrup, Nottingham and Helsinki. Ikano Bank also conducts business in Germany, Poland, Austria, Finland and Russia via separate companies.
Ikano Bank offers loans, savings accounts and partner business supplying sales finance solutions to large retailers, including IKEA, Volkswagen, Audi, Lindex, Hemtex, Skoda, Shell and Preem.
Ikano Bank is owned by the Kamprad family through IKANO, a group of businesses which also include insurance, retail and real estate in many countries.
In January 2009, the bank changed its name from Ikanobanken to Ikano Bank.
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