Santander Consumer Bank (Norway)

Originally established in Oslo, Norway, in 2001 by four individuals; Tor Erland Fyksen, Jan Grenth, Eirik Holtedahl, and Raimond Pettersen, having raised approx. USD 20 million from Norwegian investors. Its customer base was sold to a Spanish financial institution^[1] in Spring 2005 for NOK 435 million (ca. US$70 million), and the name was changed from Bankia Bank to Santander Consumer Bank.

It specializes in offering deposit accounts and credit cards to consumers, focusing on issuing VISA credit cards.

References

1. Incitia Ventures