Company Information

Get to know brabank asa

Brabank ASA was a digital-first bank headquartered in Oslo, Norway. Launched in 2017 after acquiring the operations of BRAbank ASA (formerly Monobank ASA), its mission was to offer straightforward and competitive consumer finance products, primarily unsecured loans and high-yield savings accounts. The bank targeted private individuals in Norway, Sweden, and Finland. In 2020, Brabank ASA merged with Easybank ASA, and the consolidated entity was subsequently rebranded as Morrow Bank ASA, which continues to operate and expand on the original business model of providing digital banking services.

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Financial BankingPRIMARY
Financial Other Service

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brabank asa

Norway

Founded in

2018 (8 Years)

Founded

Last online: No recent activity

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(180 reviews)

Cyprus

2017

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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.