AB Fjord Bank - Ownership and Business Overview

Financial ServicesCompany

AB Fjord Bank Ownership

Who owns AB Fjord Bank?

AB Fjord Bank is owned by Otello ASA. It was acquired on July 9, 2020.

AB Fjord Bank Business Overview

Where is AB Fjord Bank headquartered?

AB Fjord Bank is headquartered in Vilnius, Lithuania.

What sector is AB Fjord Bank in?

AB Fjord Bank is a financial services company.

When was AB Fjord Bank founded?

AB Fjord Bank was founded in 2017.

Financial Services M&A Summary in 2020

Out of 60 sectors in the Mergr database, financial services ranked 11 in number of deals in 2020. The largest financial services acquisition in 2020 was E*TRADE Financial - which was acquired by Morgan Stanley for $13.0B.

Join Mergr to view all 178 acquisitions of financial services companies in 2020, including 21 acquisitions by private equity firms, and 157 by strategics.

AB Fjord Bank

Rinktinės g. 5,
Vilnius, 09234
Lithuania,
+370 5 251 1181
www.fjordbank.lt

Fjord Bank is a full-digital consumer finance bank that was founded in March 2017 by Norwegian and Swedish investors Svein Øvrebø, Joakim Mandorsson, and Stig R. Myrseth. The bank has more than 40 shareholders, mostly private investors from Norway. In December 2019, it was granted a specialized bank license by the European Central Bank, following the assessment and proposal of the Bank of Lithuania. AB Fjord Bank’s head office is in Vilnius, Lithuania.


Company Summary

SECTOR

Financial Services

Established

2017

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Financial Services Companies , Lithuania Companies

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