Company Information

Get to know Gjensidige Bank

Gjensidige Bank was a digital-first bank and a wholly-owned subsidiary of the Norwegian insurance group, Gjensidige Forsikring ASA. Launched in 2007, it aimed to provide simple and competitive banking services to the Norwegian retail market, including savings accounts, mortgages, car loans, unsecured consumer loans, and credit cards. Its business model was based on leveraging the strong brand recognition of its parent insurance company. In July 2018, Gjensidige announced the sale of the bank to Nordea. The acquisition was completed in March 2019, and its operations were subsequently integrated with Nordea's and rebranded as Nordea Direct.

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Financial BankingPRIMARY
Financial Insurance
Financial Other Service

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Gjensidige Bank

Norway

Founded in

2006 (20 Years)

Founded

Last online: No recent activity

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Markets.com

(326 reviews)

United States

2008

(18 years)

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License

A Grade License

Issued by globally renowned regulators, these licenses ensure the highest trader protection through strict compliance, fund segregation, insurance, and regular audits. Dispute resolution and adherence to AML/CTF standards further enhance security.

B Grade License

Granted by respected regional regulators, these licenses offer robust safety measures such as fund segregation, financial reporting, and compensation schemes. Though slightly less strict than Tier 1, they provide dependable regional protection.

C Grade License

Issued by regulators in emerging markets, these licenses offer basic protections such as minimum capital requirements and AML policies. Oversight is less stringent, so traders should exercise caution and verify safety measures.

D Grade License

From jurisdictions with minimal oversight, these licenses often lack key protections like fund segregation and insurance. While attractive for operational flexibility, they pose higher risks to traders.

TrustFinance is not a licensed financial advisor and is not affiliated with any financial institutions in your region. We encourage you to do your own research before making any investment decisions.