Nordic Corporate Bank

What Nordic Corporate Bank does

Nordic Corporate Bank ASA is a Norwegian corporate bank founded in June 2019 and headquartered in Oslo. The bank serves medium-sized Norwegian businesses and their owners with two primary product lines: secured corporate lending (syndicated and bilateral facilities to real estate, defense, sustainable materials, and other growth-sector borrowers) and deposit products marketed at market-leading rates to Norwegian individuals and businesses (e.g., 5.02% effective on the 6-month deposit as of Q1 2026). The customer base disclosed through public deal announcements includes Killingnuten Holding/Champ Real Estate, Christiania Eiendom, PaperShell AB, ICA-Finance AS, Pictoryland AS, Number 15 AS, and Summa Defence Plc.

The bank operates a digital-first delivery model built on a third-party core banking platform from Netcompany Banking Services, with a PSD2 API and pre-built integrations to the five dominant Norwegian accounting platforms (Visma, Tripletex, Aritma, Xledger, PowerOffice). Customers transact through online, mobile, and signing-portal channels, and the bank maintains channel partnerships with Noroppgjør and Tinholt Eiendomsmegling in Norwegian commercial real estate. The institution employs 25 people carrying 400+ years of combined banking experience, supported by senior leadership drawn from Danske Bank, SEB, JP Morgan, Kaupthing, Pareto Bank, Privatbanken, and Finansbanken.

Revenue is generated primarily through net interest income on secured lending and deposit spread, supplemented by fee income from syndicated facilities. As of Q1 2026 the bank reported MNOK 6,625 in total assets, MNOK 26.4 in quarterly net profit after tax, 9.6% ROE, 22.5% CET1, 114.2% deposit coverage, and a 39.4% cost/income ratio. The bank is privately held (ASA structure but not listed) with institutional shareholders including Canica Invest AS (12.59%), employee-owned Pastis AS (11.93%), Knut Axel Ugland Holding AS (9.87%), Kistefos AS (9.87%), Wilh. Wilhelmsen Holding ASA (9.67%), Otto Olsen Holding AS (6.81%), and Farvatn Private Equity AS (3.93%).

Name

Nordic Corporate Bank

Legal name

Nordic Corporate Bank ASA

Website

https://ncbank.no

Company type

Private

Founded year

2019

Operating status

Operating

Headcount range

11–50 employees

Short description

Nordic Corporate Bank is a Norwegian corporate bank founded in 2019 that provides secured lending and market-leading deposit products to medium-sized businesses, their owners, and Norwegian retail depositors, delivered through digital channels with accounting-system integrations.

Ownership category

akta.pro rank

Product category

Corporate Banking

NAICS

Commercial Banking (52211), Depository Credit Intermediation (5221)

SIC

National Commercial Banks (6021)

akta.pro primary industry

Industrial Manufacturing (Machinery, Equipment) (FSABACAD)

Keywords

• Corporate banking services
• Business deposit accounts
• Secured business loans
• Online banking platform
• PSD2 open banking APIs

Headquarters

HQ city

Oslo

HQ country

Norway

HQ region

Europe

Offices2 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Technology or R&D, Operations, Infrastructure, Marketing or Sales

Revenue model

1. Interest Income on Loans: The bank provides secured loans to medium-sized businesses and their owners, generating interest income from financing activities. Loans granted total NOK 18.3 billion since opening in June 2019.
2. Deposit Spreads: The bank offers attractive deposit rates primarily to Norwegian customers, earning spreads between wholesale funding costs and retail deposit rates. Deposit coverage ratio is 114.2% as of Q1 2026.
3. Payment and Transaction Fees: Fees from payment services including domestic transfers (NOK 2-4 per transaction), international payments, lønnsutbetaling, and OCR services. Monthly fees for business accounts apply.
4. Account and Service Fees: Monthly fees for business accounts, SMS notifications, and various banking services including audit requests and manual payment processing.

Pricing tiers

Go-to-market motion1 record

Distribution channels3 records

Marketing channels6 records

Core offering

Nordic Corporate Bank is a Norwegian commercial bank offering deposit products with market-leading interest rates to Norwegian individuals and businesses, alongside secured loans tailored to medium-sized businesses and their owners. Operating on Netcompany's core banking platform, it delivers services via online/mobile banking, a BankID-based signing portal, and native accounting system integrations with Visma, Tripletex, Aritma, Xledger, and PowerOffice.

Product overview

Nordic Corporate Bank is a Norwegian commercial bank offering a unified banking platform centered on three core product lines: deposit/savings products (Innskudd), secured business financing (Finansiering), and digital banking services. The deposit offering includes a spectrum from basic current accounts (Privatkonto, Næringskonto) to specialized NIBOR-linked products (Kapitalkonto NIBOR, Plasseringskonto NIBOR 90/31 dager) and fixed-term deposits, all backed by the Bankenes sikringsfond guarantee. The financing arm provides tailored secured loans to medium-sized businesses and their owners, leveraging over 400 years of combined banking experience. The digital banking stack comprises internet banking (Nettbank), mobile banking (Mobilbank), and a secure signing portal (Signeringsrom), supplemented by native accounting/ERP integrations with Visma, Tripletex, Aritma, Xledger, and PowerOffice that enable automated transaction syncing. The bank operates exclusively for customers with Norwegian BankID.

Differentiator

Problem solved

Functional benefit

Quantifiable outcome

• NOK 58 billion in loan applications assessed since June 2019
• +3 more outcomes

Named customers8 records

Segments4 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

Integration7 records

Feature4 records

Partnerships

13 partnerships are on record, tiered minor and core.

• Andreas FjellheimminorGTM or Marketing Partner · 25 March 2026Nordic Corporate Bank sponsored chef Andreas Fjellheim who won Nordic Chef Challenge 2026 and was named Nordic's best chef, demonstrating community engagement.
• Champ Real Estate ASminorChannel Partner/ Reseller/ Distributor · 22 January 2026Co-investor with Killingnuten Holding AS in acquisition of three residential properties in Oslo, with Nordic Corporate Bank leading financing syndication.
• Killingnuten Holding ASminorChannel Partner/ Reseller/ Distributor · 22 January 2026Investment company controlled by Oscar Hellenes, co-acquiring three residential properties in Oslo with Champ Real Estate AS.
• NoroppgjørcoreChannel Partner/ Reseller/ DistributorNoroppgjør specializes in real estate settlement services, functioning as an intermediary between buyers and sellers in property transactions. With their long experience and expertise in settlement services, they ensure both parties' interests are protected in a safe and efficient manner.
• Tinholt EiendomsmeglingcoreChannel Partner/ Reseller/ DistributorTinholt Eiendomsmegling is the bank's partner for residential, new construction, and commercial real estate. Their skilled advisors help clients make the right choices in a sales process.
• Netcompany Banking ServicescoreTechnology or IntegrationCore banking system provider enabling PSD2 API access for third-party payment service providers. The bank uses Netcompany for core banking infrastructure and API management.
• VismacoreTechnology or IntegrationAccounting software integration allowing Nordic Corporate Bank customers to approve payments directly in their Visma accounting system.
• TripletexcoreTechnology or IntegrationAccounting software integration allowing customers to manage banking and accounting from a single platform.
• XledgercoreTechnology or IntegrationCloud-based ERP system integration for automated accounting workflows with Nordic Corporate Bank.
• PowerOfficecoreTechnology or IntegrationAccounting software integration for Norwegian businesses enabling bank-account synchronization.
• AritmacoreTechnology or IntegrationAccounting software integration partner for automated payment reconciliation and accounting entries.
• ICA-Finance ASminorStrategic or Co-development PartnerNordic Corporate Bank provides bank guarantees to DEHST enabling ICA-Finance to receive carbon credits for their sustainable investments in methane reduction projects.
• PaperShell ABminorStrategic or Co-development PartnerNordic Corporate Bank financed PaperShell's CO2 laser investment enabling production of complex bio-based composite components for automotive, furniture, electronics, and architecture sectors.

Scale indicators9 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Storebrand Bank:
• Pareto Bank: Norwegian commercial bank specializing in corporate banking, real estate financing, and securities services. Closely comparable to NCB in target market (mid-sized corporates), product mix, and Norwegian geography; leadership teams share deep historical ties.
• BN Bank: Norwegian commercial bank focused on retail deposits, real estate lending, and corporate banking for SMEs. Directly comparable to NCB in Norwegian mid-market lending and deposit gathering.
• Sparebanken Norge: Norwegian savings bank offering retail and SME banking across regional Norwegian markets. Comparable in serving Norwegian businesses and individuals with deposit and loan products, though with broader geographic reach.

Broad incumbents

• Handelsbanken Norway: Norwegian branch of Swedish Handelsbanken, offering full-service corporate and personal banking with a strong relationship-led mid-market model. Overlaps with NCB's target SME segment but operates at materially larger scale.
• SEB Norway: Norwegian operations of Nordic bank SEB, providing corporate banking, advisory, and financing. Competes for the same corporate clients NCB targets and shares historical personnel ties with NCB's leadership.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/nordic-corporate-bank
• Facebookfacebook.com/sharer/sharer.php?u=https://www.ncbank.no

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles9 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Nordic Corporate Bank