About Ikano Bank

Our story

The Ikano story

Born in Almhult, Sweden, Ikano Bank set up our UK office back in 1994 with a clear ambition to share our bank’s promise of delivering finance on fair terms.

Owned by the family that founded IKEA, we share the same values. We believe by delivering banking on fair terms we have created and will continue to create better possibilities for living and working here in the UK.

We've been providing finance products in the UK for 25 years and work with some of the biggest names on the high street. One thing our heritage has taught us is that having a strong and simple idea, with a little bit of hard work and good values is important for success. This is why all our financial products are simple, easy to understand and can help create possibilities for everyone.

Ikano I love you

Our history

Ikano was originally a part of the home furnishing company IKEA, which was founded by Ingvar Kamprad in 1943.

During the 1970s the Ikano activities involved managing real estate, financial services and insurances for IKEA.

In 1988, Ikano became an independent group of companies, owned by the Kamprad family.

The Ikano Group today

Today the Ikano Group owns and develops competitive and profitable niche companies in the areas of finance, real estate, asset management, insurance and retail.

Ikano's strength is distinguished by working together to create long-term solutions based on fair terms that brings value to our customers, partners and to ourselves.

The Ikano Group operates in Europe and Asia. The Ikano Group head office is located in Luxembourg. For more information, visit our group website.

Our UK business is based in Nottingham and was established in 1994. Since then, we have experienced rapid growth in both our client and product portfolios.

On fair terms

Our promise: On fair terms

At Ikano we ask ourselves: "Is this on fair terms?" We constantly review our solutions and our way of working with customers, partners and co-workers. The reason for this is that we are in business for the long run and we seek long-lasting relationships.

Being on fair terms is essential for building strong relationships, creating value and growing a business. We live the promise - on fair terms - because we know that the quality and reputation of a company is determined by the promise made and the promise kept.

We act for a sustainable future, taking responsibility for the economic, social and environmental aspects related to our businesses.

Our values

Three basic values guide all Ikano businesses: common sense and simplicity, working together and daring to be different. These values support our promise: on fair terms.

We believe that no method is more effective than setting a good example. Living our values is how we make a difference.

Ikano Bank our values

Finance & Leasing Association

We are members of the Finance & Leasing Association (FLA) and subscribe to the FLA Lending code. A copy of the code can be found here at the FLA website: www.fla.org.uk/codes

The FLA code is relevant if you have a store card or loan with Ikano Bank, but not if you have a savings account with us.