Ikano Bank is an internet bank established 1995 by Ingvar Kamprad

Ingvar Kamprad

Ingvar Feodor Kamprad is a Swedish and the founder of IKEA, a retail company.According to Forbes magazine, as of 2011 he is the 162nd wealthiest person in the world with an estimated net worth of around US$6 billion in 2011...

 (the founder of IKEA

IKEA

IKEA is a privately held, international home products company that designs and sells ready-to-assemble furniture such as beds and desks, appliances and home accessories. The company is the world's largest furniture retailer...

). It started with just one branch office in Älmhult

Älmhult

Älmhult is a locality and the seat of Älmhult Municipality in Kronoberg County, Sweden with 8,518 inhabitants in 2005.It was in Älmhult that the first IKEA store was built, and IKEA still has a large corporate presence here....

, Sweden

Sweden

Sweden , officially the Kingdom of Sweden , is a Nordic country on the Scandinavian Peninsula in Northern Europe. Sweden borders with Norway and Finland and is connected to Denmark by a bridge-tunnel across the Öresund....

, but after a merger in 2009 with other entities within the Ikano Group, the bank also has branch offices in Lund

Lund

-Main sights:During the 12th and 13th centuries, when the town was the seat of the archbishop, many churches and monasteries were built. At its peak, Lund had 27 churches, but most of them were demolished as result of the Reformation in 1536. Several medieval buildings remain, including Lund...

, and Sundbyberg (near Stockholm

Stockholm

Stockholm is the capital and the largest city of Sweden and constitutes the most populated urban area in Scandinavia. Stockholm is the most populous city in Sweden, with a population of 851,155 in the municipality , 1.37 million in the urban area , and around 2.1 million in the metropolitan area...

), Oslo

Oslo

Oslo is a municipality, as well as the capital and most populous city in Norway. As a municipality , it was established on 1 January 1838. Founded around 1048 by King Harald III of Norway, the city was largely destroyed by fire in 1624. The city was moved under the reign of Denmark–Norway's King...

 and Glostrup

Glostrup

Glostrup Kommune is a suburban municipality and town in Region Hovedstaden on the island of Zealand approx. 10 km west of Copenhagen in eastern Denmark. The municipality covers an area of 13 km², and has a total population of 20,673 . Its Zip code is 2600...

 (near Copenhagen

Copenhagen

Copenhagen is the capital and largest city of Denmark, with an urban population of 1,199,224 and a metropolitan population of 1,930,260 . With the completion of the transnational Øresund Bridge in 2000, Copenhagen has become the centre of the increasingly integrating Øresund Region...

). Ikano Bank also conducts business in Finland

Finland

Finland , officially the Republic of Finland, is a Nordic country situated in the Fennoscandian region of Northern Europe. It is bordered by Sweden in the west, Norway in the north and Russia in the east, while Estonia lies to its south across the Gulf of Finland.Around 5.4 million people reside...

, Germany

Germany

Germany , officially the Federal Republic of Germany , is a federal parliamentary republic in Europe. The country consists of 16 states while the capital and largest city is Berlin. Germany covers an area of 357,021 km2 and has a largely temperate seasonal climate...

, Russia

Russia

Russia or , officially known as both Russia and the Russian Federation , is a country in northern Eurasia. It is a federal semi-presidential republic, comprising 83 federal subjects...

 and the United Kingdom

United Kingdom

The United Kingdom of Great Britain and Northern IrelandIn the United Kingdom and Dependencies, other languages have been officially recognised as legitimate autochthonous languages under the European Charter for Regional or Minority Languages...

 via separate companies.

Ikano Bank offers loans, saving accounts and partner business which supplies sales finance solutions to large retailers. Examples include IKEA

IKEA

IKEA is a privately held, international home products company that designs and sells ready-to-assemble furniture such as beds and desks, appliances and home accessories. The company is the world's largest furniture retailer...

, Stadium, Volkswagen

Volkswagen

Volkswagen is a German automobile manufacturer and is the original and biggest-selling marque of the Volkswagen Group, which now also owns the Audi, Bentley, Bugatti, Lamborghini, SEAT, and Škoda marques and the truck manufacturer Scania.Volkswagen means "people's car" in German, where it is...

, Audi

Audi

Audi AG is a German automobile manufacturer, from supermini to crossover SUVs in various body styles and price ranges that are marketed under the Audi brand , positioned as the premium brand within the Volkswagen Group....

, Lindex

Lindex

Lindex is a Swedish fashion chain, known for its fast fashion clothing offerings for women, teenagers and children. Lindex has around 400 stores in Scandinavia including Iceland, the Baltic States, Russia, central Europe, the Middle East as of November 2011...

, Hemtex, Fritidsresor and Vi.

Ikano Bank is owned by the Kamprad family through Ikano Group

IKANO

IKANO is a Swedish group that is owned by the family Kamprad, which also founded IKEA. IKANO manages the Kamprad family fortune. The organization's head office is located in Luxembourg....

. Ikano Group have business such as finance, asset management, insurance, retail and real estate in many countries.

January 2009, the bank changed its name from prior Ikanobanken to Ikano Bank.