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Santander Consumer Bank was originally established in Oslo, Norway, in 2001 by four individuals; Tor Erland Fyksen, Jan Grenth, Eirik Holtedahl, and Raimond Pettersen, having raised approx. USD 20 million from Norwegian investors. Its customer base was sold to a Spanish financial institution in Spring 2005 for 435 million kr (ca. US$70 million), and the name was changed from Bankia Bank to Santander Consumer Bank. In 2010, seven regional Spanish savings banks were consolidated into a new Spanish Bank, Bankia. This new bank, Bankia SA, is not related to Bankia Bank ASA of Norway.

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  • Santander Consumer Bank was originally established in Oslo, Norway, in 2001 by four individuals; Tor Erland Fyksen, Jan Grenth, Eirik Holtedahl, and Raimond Pettersen, having raised approx. USD 20 million from Norwegian investors. Its customer base was sold to a Spanish financial institution in Spring 2005 for 435 million kr (ca. US$70 million), and the name was changed from Bankia Bank to Santander Consumer Bank. In 2010, seven regional Spanish savings banks were consolidated into a new Spanish Bank, Bankia. This new bank, Bankia SA, is not related to Bankia Bank ASA of Norway.
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  • Santander Consumer Bank (Norway)
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  • Santander Consumer Bank was originally established in Oslo, Norway, in 2001 by four individuals; Tor Erland Fyksen, Jan Grenth, Eirik Holtedahl, and Raimond Pettersen, having raised approx. USD 20 million from Norwegian investors. Its customer base was sold to a Spanish financial institution in Spring 2005 for 435 million kr (ca. US$70 million), and the name was changed from Bankia Bank to Santander Consumer Bank. In 2010, seven regional Spanish savings banks were consolidated into a new Spanish Bank, Bankia. This new bank, Bankia SA, is not related to Bankia Bank ASA of Norway. It specializes in offering deposit accounts and credit cards to consumers, focusing on issuing VISA credit cards.
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