Bank2
Bank2 is a Norwegian niche bank founded in 2005 that provides refinancing loans, mortgages, and savings products to consumers with payment remarks who have been declined by traditional banks. Since 2024 it operates as a subsidiary of Sweden's Enity Bank Group, distributing through 14 financial agents and a BankID-secured digital portal.
- Company typePrivate
- Founded2005
- HeadquartersOslo, Norway
- Headcount11–50
- GTM typeB2C
- OfferingServices
What Bank2 does
Bank2 ASA (NUF) is a Norwegian niche bank founded in 2005 that specializes in refinancing and mortgage lending to private individuals — particularly those with payment remarks, prior bankruptcy history, or self-employed status — who have been declined by traditional Norwegian banks. The company markets itself as "Norway's oldest refinancing bank" and reports having served more than 5,000 customers since inception. Its core proposition is consolidating multiple high-interest debts (consumer loans, credit cards, collection debt, existing mortgages) into a single secured loan against residential real estate, supplemented by standard mortgage products, renovation loans, bridging finance, financing certificates, and two savings account tiers (Sparekonto 31D and Sparekonto Høyrente, capped at 2M NOK per customer).
The technology stack is deliberately simple and regulatory-aligned rather than innovative. Customer access runs through a BankID-authenticated portal at portal.bank2.no, with no public APIs, no mobile app, and no disclosed AI or machine-learning capabilities. Underwriting is positioned around individual advisor assessment of current payment ability and total financial situation rather than purely credit-history scoring, with automated PEP and sanctions screening for AML compliance, GDPR-aligned data handling, FATCA and CRS tax reporting, and whistleblower intake via WhistleB. Free self-help video courses developed with debt counselor Arman Vestad and an extensive blog cover financial education as a content moat.
The business model is a classic spread-plus-fee retail bank: net interest income on secured mortgages and refinancing loans (representative effective rate 8.55% on a 2M NOK, 25-year loan), one-time establishment fees of 2-4% (minimum 20K NOK), ongoing term/administration fees, and a savings-deposit interest spread funded by the loan book. Distribution combines direct digital self-service, phone-based advisor sales, and a network of 14 Norwegian financial agent/broker partners (including Sambla, Zensum, Axo Finans, Horde, and Eiendomsfinans). Since 2024, Bank2 has operated as a NUF subsidiary of Sweden's Enity Bank Group AB (publ), the corporate parent of Bluestep Bank and 60plusbanken, providing cross-Nordic scale, dual Norwegian/Sweden deposit guarantee scheme membership, and group-level functions such as outsourced collections via Intrum AS.
Bank2 firmographics
Firmographics- Name
- Bank2
- Legal name
- Bank2 ASA (NUF)
- Website
- https://bank2.no
- Company type
- Private
- Founded year
- 2005
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- Bank2 is a Norwegian niche bank founded in 2005 that provides refinancing loans, mortgages, and savings products to consumers with payment remarks who have been declined by traditional banks. Since 2024 it operates as a subsidiary of Sweden's Enity Bank Group, distributing through 14 financial agents and a BankID-secured digital portal.
- Ownership category
- akta.pro rank
Bank2 industry classification
Industry- Product category
- Refinancing and Mortgage Banking
- NAICS
- Commercial Banking (522110)
- SIC
- Personal Credit Institutions (6141)
- akta.pro primary industry
- Second-Chance Banking-Linked Lending (e.g., bank-account-based credit for thin-file/negative-file) (FSAKAOAH)
Keywords
Where Bank2 is headquartered
LocationHeadquarters
- HQ city
- Oslo
- HQ country
- Norway
- HQ region
- Europe
Offices1 record
Markets served
Bank2 business model
Business model- GTM type
- B2C
- Offering type
- Services
- Cost components
- Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure, Others
Revenue model
- Mortgage and Refinancing Loan Interest: Bank2 earns interest income from secured mortgage loans and refinancing loans extended to customers. Interest rates are set individually based on the customer's financial situation and risk profile. The bank offers refinancing loans and home equity loans secured by real estate.
- Savings Account Interest Spread: Bank2 offers savings accounts (Sparekonto 31D and Sparekonto Høyrente) paying competitive interest rates to customers, earning the spread between loan interest income and savings interest paid.
- Loan Establishment Fees: One-time establishment fees of 2-4% (minimum 20,000 NOK) charged when setting up mortgage or refinancing loans to cover processing and administration costs.
- Term/Administration Fees: Ongoing administration fees per payment term for loan management and account administration.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Monthly | Sparekonto Høyrente - Higher interest with flexibility |
| Subscription | Monthly | Sparekonto 31D - Long-term savings with 31-day notice |
| Subscription | Monthly | Refinancing and Mortgage Loans |
| Other | Pay-as-you-go | Loan Application - Free and Non-binding |
Go-to-market motion2 records
Distribution channels4 records
Marketing channels4 records
Bank2 product offering
Product offeringCore offering
Bank2 is a Norwegian niche bank that provides refinancing loans secured against real estate, consolidating customer debts (consumer loans, credit cards, mortgages, collection debt) into a single loan with lower monthly costs. It also offers home loans (including for buyers with payment remarks or lacking full equity) and competitive-interest savings accounts (Sparekonto 31D and Sparekonto Høyrente), targeting individuals declined by traditional banks.
Product overview
Bank2 (Bank2 ASA) is a Norwegian niche bank and Norway's oldest refinancing bank, founded in 2005 and part of the Enity Bank Group AB (publ) as of 2024. The company operates exclusively as an alternative to traditional banks, serving private individuals and self-employed professionals who have been declined by conventional lenders, often due to payment remarks, variable income, or financial difficulties. Bank2's core product portfolio centers on refinancing (refinansiering) — consolidating multiple debts into a single secured loan against real estate — and home loans (boliglån) including specialized variants for customers with payment remarks or lacking full equity. The refinancing offering includes sub-products for consumer loans, credit card debt, existing mortgages, collection/inkasso debt, and a dedicated restart loan (omstartslån). Mortgage products cover standard home loans, financing certificates, bridging finance (mellomfinansiering), renovation loans, and loans for customers without equity or with payment remarks. A complementary savings arm offers two savings account types (Sparekonto 31D with 31-day notice and Sparekonto Høyrente with flexible access). Supporting tools include online refinancing and mortgage calculators, a self-help financial course, and a customer portal (Mine sider) accessible via BankID. Bank2 does not offer any public or partner-facing API.
Differentiator
Problem solved
Functional benefit
Brands
- Bluestep Bank: Related banking brand under Enity Bank Group operating in Norway, Sweden, and Finland
- 60plusbanken
Products and services
- Refinansiering (Refinancing Loans) Core debt-consolidation product that merges multiple debts (consumer loans, credit cards, existing mortgages, collection/inkasso debt) into a single secured loan against real estate, with potentially lower interest rates and more manageable monthly payments. Includes specialized variants for consumer loan refinancing, credit card refinancing, mortgage refinancing, collection debt refinancing, and an Omstartslån (restart loan) for customers recovering from financial difficulties. Available to individuals, including those with payment remarks, who have property as collateral.
- Boliglån (Home Loan / Mortgage) Mortgage loans for purchasing residential property or vacation homes, including specialized variants for customers with payment remarks, lacking full equity (via guarantors, co-borrowers, or other collateral), renovation/oppussing loans, financing certificates (finansieringsbevis) for property offers, and bridging finance (mellomfinansiering) between property sales and purchases. Each loan is individually assessed based on the customer's current payment ability and overall financial situation.
- Sparekonto (Savings Account) Two savings account products for private customers: Sparekonto Høyrente (high-interest flexible access, 4.15% up to 500,000 NOK and 4.70% up to 2,000,000 NOK) and Sparekonto 31D (31-day notice, 4.59-4.69% per year). Maximum deposit 2,000,000 NOK per customer, insured via Bankenes Sikringsfond.
Quantifiable outcome
- Can potentially more than halve interest expenses through refinancing
- +1 more outcomes
Companies that use Bank2
Customer profileNamed customers3 records
Segments4 records
Ideal customer profiles3 records
Bank2 technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration3 records
Feature4 records
Bank2 partnerships and signals
Strategic signalPartnerships
18 partnerships are on record, tiered minor and core.
- Ai FinansminorFinancial agent located in Oslo (Eilert Sundts gate 17 A, 0259 Oslo) that refers customers seeking refinancing and mortgage solutions to Bank2. One of 14 financial agent partners across Norway.
- Axo Finans ASminorFinancial agent in Oslo (St.Olavs gate 28, 0166 Oslo) that refers customers to Bank2 for refinancing and mortgage products.
- Eiendomsfinans ASminorFinancial agent in Drammen (Hauges gate 2, 3019 Drammen) specializing in real estate financing referrals to Bank2.
- Finanseiendom ASminorFinancial agent in Oslo (Brynsveien 3, 0667 Oslo) that refers real estate financing customers to Bank2.
- Horde ASminorFinancial agent based in Bergen (5014 Bergen) that refers customers to Bank2 for refinancing solutions.
- Lendl FinansminorFinancial agent in Oslo (Karvesvingen 5, 0579 Oslo) that refers customers to Bank2.
- Motty Telefinans ASminorFinancial agent in Fredrikstad (Anton Rosings vei 10, 1637 Gamle Fredrikstad) that refers customers to Bank2 for financing solutions.
- Norsk Refinansiering ASminorFinancial agent in Oslo (Munkedamsveien 59B, 0270 Oslo) specializing in refinancing referrals to Bank2.
- Okida Finans ASminorFinancial agent in Oslo (Sandakerveien 138, 0484 Oslo) that refers customers to Bank2.
- Sambla Group ASminorFinancial agent in Oslo (Biskop Gunnerus gate 14 A, 0185 Oslo) that refers customers to Bank2 for refinancing and mortgage products.
- Tjenestetorget FinansminorFinancial agent in Lysaker (Professor Kohts vei 5, 1366 Lysaker) that refers customers to Bank2.
- UNO Finans ASminorFinancial agent in Oslo (Grensen 12 B, 0159 Oslo) that refers customers to Bank2.
- Varde Finans ASminorFinancial agent in Oslo (Hoffsveien 4, 0275 Oslo) that refers customers to Bank2.
- Zen Finans ASminorFinancial agent in Oslo (Grensesvingen 9, 0661 Oslo) that refers customers to Bank2.
- Zensum ASminorFinancial agent in Oslo (Arbins gate 2, 0253 Oslo) that refers customers to Bank2 for financing solutions.
- Enity Bank Group AB (publ)coreBank2 is a brand under Enity Bank Group AB (publ), a Swedish financial group. In 2024, Bank2 became part of Enity Bank Group. Enity Bank Group operates across Nordic markets including Sweden (Bluestep Bank), Norway (Bank2), and Finland.
- Bankenes SikringsfondcoreBank2 is a member of Bankenes Sikringsfond (Norwegian Banks' Guarantee Fund) and the Swedish guarantee scheme. This ensures customer deposits are insured up to 2 million NOK per customer.
- Intrum ASminorEnity Bank Group uses Intrum AS for handling unpaid loans and debt collection. Name, personal number, contact information, property information and loan details are transferred to enable debt collection management.
Scale indicators3 records
Recent moves6 records
Expansion highlights4 records
Bank2 competitors and assessment
Company assessmentOthers
- Sambla Group: Norwegian loan broker/aggregator that compares refinancing offers from multiple lenders, including Bank2 itself. Comparable as a channel partner AND indirect competitor that drives price transparency and customer acquisition dynamics in Norwegian refinancing.
- Zensum: Norwegian/Swedish loan broker that aggregates refinancing offers across lenders, including Bank2. Comparable as a channel partner/aggregator that competes for the same Norwegian refinancing customers through price comparison.
Broad incumbents
- Sbanken (DNB): Norwegian digital bank (now part of DNB) offering mortgages, savings, and consumer banking. Comparable as a Norwegian depository institution competing for the same customer savings and mortgage business, but with mainstream credit criteria.
- Bluestep Bank: Sister brand under the same Enity Bank Group parent, operating across Norway, Sweden and Finland with a broader mortgage and savings product suite. Comparable as a related entity under common ownership, with overlapping Norwegian operations.
- DNB Bank: Norway's largest financial services group, offering mortgages, consumer loans, savings, and a full banking suite to the same Norwegian retail customer base. Comparable as the dominant incumbent that Bank2 explicitly positions against for borrowers it has declined.
Direct peers
- Komplett Bank: Norwegian digital bank offering consumer loans, credit cards, and mortgages to a similar mass-affluent and broad Norwegian consumer base. Comparable as a licensed Norwegian bank competing for Norwegian consumer deposits and credit, though without Bank2's specialist second-chance focus.
- Resurs Bank: Nordic consumer and retail finance bank with Norwegian operations, offering consumer loans, credit cards, and point-of-sale financing. Comparable as a non-bank-style consumer credit provider operating in the Norwegian personal lending market.
- Nordax Bank (Nordnet): Nordic consumer and mortgage lender (now part of Nordnet) operating across Sweden, Norway, Finland, and Denmark. Highly comparable as a Nordic specialist lender serving non-prime and self-employed borrowers with mortgage and consumer credit products.
- Instabank: Norwegian digital challenger bank offering mortgages, consumer loans, and savings accounts. Comparable as a Norwegian licensed bank providing deposit and lending products through digital channels with similar customer segment overlap.
- BB Finans: Norwegian financial services company offering consumer loans and refinancing. Comparable as a Norwegian non-bank consumer lender competing in the same refinancing and debt consolidation space.
Market position
Strengths4 records
Weaknesses4 records
Competitive moat4 records
Key risks6 records
Key highlights7 records
Customer concentration
Bank2 social profiles
Digital presenceBank2 compliance and trust
Trust signalCompliance5 records
Bank2 financial estimates
Financial estimateRevenue estimate
Valuation estimate
Bank2 leadership team
Management profileNumber of profiles
Bank2 funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Bank2 M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Bank2
What does Bank2 do?
Bank2 is a Norwegian niche bank that provides refinancing loans secured against real estate, consolidating customer debts (consumer loans, credit cards, mortgages, collection debt) into a single loan with lower monthly costs. It also offers home loans (including for buyers with payment remarks or lacking full equity) and competitive-interest savings accounts (Sparekonto 31D and Sparekonto Høyrente), targeting individuals declined by traditional banks.
Is Bank2 a public or private company?
Bank2 is a private company. It is classified as corporate owned and is currently operating.
When was Bank2 founded?
Bank2 was founded in 2005. It employs 11 to 50 people.
Where is Bank2 based?
Bank2 is headquartered in Oslo, Norway, in the Europe region.
How does Bank2 make money?
Four revenue lines are on record. Mortgage and Refinancing Loan Interest is the primary driver. The others are savings Account Interest Spread, loan Establishment Fees and term/Administration Fees.
Who are Bank2's main competitors?
Others on record are Sambla Group and Zensum. Broad incumbents are Sbanken (DNB), Bluestep Bank and DNB Bank. Direct peers are Komplett Bank, Resurs Bank, Nordax Bank (Nordnet), Instabank and BB Finans.
Does Bank2 have an API?
No public API is recorded for Bank2.
What industry is Bank2 in?
Bank2's product category is Refinancing and Mortgage Banking. Its primary akta.pro industry code is FSAKAOAH, Second-Chance Banking-Linked Lending (e.g., bank-account-based credit for thin-file/negative-file). Its NAICS code is 522110 and its SIC code is 6141.