Bank Norwegian, the Nordic internet bank backed by the low-cost air carrier Norwegian Air Shuttle, plans to launch financial services across Europe using an Irish banking licence. HBK has set up a Dublin company called Lilienthal Finance, which will apply for an Irish licence from the Central Bank of Ireland. The application process for a banking licence can take up to a year. Norwegian Air Shuttle is the largest shareholder in Bank Norwegian with a stake of about 16 per cent . The Oslo-listed bank provides services in its home market, as well as Sweden, Denmark and Finland.

Source: The Irish Times December 07, 2018 09:33 UTC