There’s a new challenger brand in Norway as mortgage focused Bulder Bank opens its doors in the Scandinavian country.
The new bank is a digital offshoot of Sparebanken Vest, the third-largest savings bank in Norway. It has not launched as a separate financial institution and relies on Sparebanken’s licence.
Offering a mortgage with automatic interest rate cuts as its first product, the bank plans to roll out new services in the future, including a subscriptions tracker supplied by Subaio.
“The first stage is a mortgage,” the bank states on its new website. “Then we will put all our effort into making Bulder a banking app that is better than anyone else has done in the past.”