Ikano Bank's Annual Report and Sustainability Report Published At

Total Page：16

File Type：pdf, Size：1020Kb

Malmö 26 March, 2021 Ikano Bank's annual report and sustainability report published at www.ikanobank.se Ikano Bank AB (publ) Annual report (in Swedish and English) and Sustainability report (in English) for 2020 are now available to download here: https://ikanobank.se/om-banken/ekonomisk-information A new bank emerges In his statement for the year CEO Henrik Eklund writes: “We will all remember 2020 as the year when everything was turned upside down and many things we take for granted changed completely. It is also the year, when Ikano Bank is in the middle of the biggest transformation ever. With committed employees and innovative solutions, we are launching a new platform, which will make us a fully digitalised, simple and caring bank for the many people. The transformation also brings a change in our culture, back to the entrepreneurial and customer-centric bank Ingvar Kamprad once founded.” This is information that Ikano Bank AB (publ) is required to disclose in accordance with the Securities Market Act. The information was submitted for publication on 26 March 2021 at 11:00 AM. For more information Henrik Eklund, CEO or Pontus Sardal, CFO tel: 010-330 40 00 email: [email protected] About Ikano Bank Ikano Bank AB (publ) creates possibilities for better living by offering simple, fair and affordable services, enabling a healthy economy for the many people. Our offer includes savings and loan products for consumers, sales support services for retailers, and leasing and factoring solutions for businesses. We conduct business in Sweden, Denmark, Finland, Norway, the UK, Poland, Germany and Austria, and is part of Ikano. Ikano is an international group of companies active within banking, real estate, production, insurance, analytics and retail. Ikano Group was established in 1988 and is owned by the Kamprad family. 1/1 .

Copy Link

Recommended publications

Välkommen in Der Ikano Group
Einfach. Anders. Välkommen in der Ikano Group Ikano Bank in Germany is a member of the international Ikano Group, whose main areas of business include real estate, insurance and retail in addition to financial services. In 1988, Ikano became an independent group of companies, owned by the Kamprad family. Ingvar Kamprad is the founder of IKEA®. The vision of Ikano is to enable people to create a better life. We work together to develop long-term solutions based on fair terms and simplicity that bring value to our customers and partners. Based in Sweden, Ikano Bank specialises in services such as store cards, credit cards, personal loans and the deposit business. It has a successful presence in many countries: Germany, Austria, Sweden, Denmark, Norway, Finland, the United Kingdom, Russia and Poland. In Germany, Ikano Bank is headquartered in Wiesbaden. We have heard others say that we make up a particularly good team. Now is your opportunity to see for yourself: To the earliest possible date we are looking to recruit a Process Manager (m/f) located in Wiesbaden, Germany Look forward to becoming part of Ikano Bank You can expect an exciting and challenging range of assignments in an environment designed for growth. Varied tasks facilitate creativity and analytical working methods. With us, you will work within a pragmatic enterprise with a flat hierarchical structure and a collegial working atmosphere. If we have successfully raised your attention, we would be delighted to get to know you! Key responsibilities Profile and qualification Take
[Show full text]
Sustainability Report 2020 2 | Ikano Bank AB (Publ) Sustainability Report 2020 Financial Environmental Social
Sustainability report 2020 2 | Ikano Bank AB (publ) Sustainability report 2020 Financial Environmental Social Our owners’ view on sustainability: Content Management statement 3 Ikano Bank at a glance 4 Business model 5 ’’Sustainability is a journey. Governance 6 Sustainability direction 7 We can’t wait for one big Principles and SDGs 8 solution, we have to take Materiality analysis 9 Healthy & sustainable living many small decisive steps.” Financial stability 11 Peter, Jonas and Mathias Kamprad Counteract corruption and money laundering 12 Responsible lending 13 Responsible investments 14 Circular & climate positive Environmentally beneficial financing solutions 16 Climate smart business 17 Sustainable purchases 19 Fair & inclusive Equality and diversity 21 Employee development, health and safety 22 Social responsibility 23 Overview 24 Please consider the environment before printing this report. The document is optimised for full-screen viewing. Auditor’s sign off 25 3 | Ikano Bank AB (publ) Sustainability report 2020 Financial Environmental Social A long-term business perspective Making Ikano Bank a truly What does the word We often say that sustainability sustainable company starts in sustainability mean to you? is in our DNA as a company. What do we mean by that? the management team. We met Jessica: For me it’s all about using our up with CEO Henrik Eklund and resources wisely and to always have a Henrik: It dates all the way back to our chief commercial officer Jessi- long-term perspective on everything we founder Ingvar Kamprad. His philosophy do. Both on how we use our planet’s re- was truly sustainable, both in not being ca Svantesson in the Swedish sources and how we create a sustainable wasteful with resources and in relating to woods north of Malmö, to talk and long-term business.
[Show full text]
Facts & Figures 2013
Operational organisation Facts & figures Arja Taaveniku Mats Håkansson Yohann Adolphe CEO Vice President CFO 2013 Stefan Nyrinder Tomas Wittbjer Daniel Skoghäll Christian Rojkjaer BA Finance BA Insurance BA Real Estate BA Retail Asia Christiane Wald Fredrik Åkesson Marie Gällstad Group HR Group Group Sustainability Communication Supervisory Board Peter Kamprad Jonas Kamprad Mathias Kamprad Björn Bayley Chairman Board Member Board Member Board Member Eva Cederbalk Jens Engwall Per Karlsson Håkan Thylén Board Member Board Member Board Member Board Member Management Board Arja Taaveniku Mats Håkansson Yohann Adophe CEO Vice President CFO www.ikanogroup.com Produced in May 2014 by the Communication department of Ikano S.A. The print costs of this brochure were EUR 0,37 per copy. 5000 copies were printed. Our vision Hi, “We are a growing company with 3,500 co-workers who work together to create value for our customers. We believe that what is good for our customers is good for us in the long run – and this is our primary focus in everything we do. Our strong company culture is founded on our heritage and our Swedish roots. Our values guide us in our everyday decisions. We like to do things differently from others, keeping our solutions simple and always based on fair terms. We are financially strong and this is essential for our future growth. We like to invest but only in things that add value. I am proud to share our good results from 2013. They show that we have many hard working Ikano co-workers who have To create successfully reached out to many customers.” Arja Taaveniku possibilities CEO, Ikano Group for better living.
[Show full text]
Annual Report 2019 Annual Financial Report Crosskey Banking Solutions Ab Ltd 2019
Annual report 2019 Annual financial report Crosskey Banking Solutions Ab Ltd 2019 Significant events during the accounting period The 2019 fiscal year was a successful year for Crosskey. Operating profit amounted to EUR 2.9 million, which was 48% better than last year. In October, the acquisition was completed of the software company Model IT, which is now a wholly owned subsidiary of Crosskey. Crosskey recruited several new customers to the company during the year, as Resurs Bank, Ya Bank and Komplett Bank chose our Open Banking system module. Furthermore, Fair Investments chose to initiate a col- laboration on Crosskey’s capital market service in Sweden and the newly formed mortgage company Borgo (with partners such as ICA Bank, Ikano Bank, Söderberg & Partners and Ålandsbanken) will make its future mortgage investment in the Swedish market using Crosskey’s banking system. Major business events during the year included: • Development and launch of our new Open Banking product. • Development and launch of an automated unsecured loan process for one of our existing customers. • Launch of a completely seamless card issuing service for our new customer, Northmill. • Implementation and integration of the person-to-person payment solution Mobilepay, which one of our existing cus- tomers chose to join and which has now been integrated into Crosskey’s bank and card system. • Integration of the card system for one of our existing customers with an external fraud prevention system. • Ongoing implementation project with a new customer, Garantum, concerning a capital market system in Sweden. • Technical improvement projects. We continued to work with cloud solutions for some of Crosskey’s applications as well, as continued technology harmonization.
[Show full text]
Our Year FY18 ANNUAL REPORT
Our Year FY18 ANNUAL REPORT IKEA Southeast Asia 01 | We are IKEA Southeast Asia & Mexico Our Year | 02 Creating a Better Everyday Life We are IKEA Southeast Asia & Mexico IKEA is the world’s largest home furnishing retailer, and we are one among a dozen IKEA franchisees - part of the Ikano Group of companies and the only franchisee owned by the Kamprad family that founded IKEA. We own and operate IKEA stores in Singapore, Malaysia and Thailand, offering millions of people a wide range of well-designed, functional home furnishing products at affordable prices. We also develop, own and operate shopping centres anchored by IKEA, and create vibrant destinations by investing in residential, office and other types of real estate. Our multi-national team has ambitious projects in the pipeline, including plans to bring IKEA to the Philippines, Vietnam and Mexico. We share a unifying vision: to create a better everyday life for the many people. We bring this vision to life in the home furnishings we offer, the workplace culture we develop, the relationships we build in our communities and the way we care for the environment. 03 | We are IKEA Southeast Asia & Mexico Our Year | 04 Content IKEA Southeast Asia & Mexico 01 Creating a Better Everyday Life 05 Message from Our Management Team 07 IKEA 75! 09 FY18 Business Map 11 Our Year in Numbers IKEA Stores 13 Make Room for Life 15 2018 Products We Love 17 A Blue Box Unlike Any Other 19 Ecommerce Brings IKEA to Malaysian Borneo 21 How Are We Doing? 23 Sustainable Everyday Business 25 A Better Life for the Many People Ikano Centres 27 Redefining Retail 29 IPC Launches Revamped Centre 31 Megabangna & MyTOWN Our Expansion 33 Reaching More People 35 Under Construction Our People 37 Great Place to Work 39 Positive Impacts 41 Great People, Great Year! 05 | We are IKEA Southeast Asia & Mexico Our Year | 06 Message from our Management Team Our IKEA big-blue-box concept was Our Ikano Centres took big steps born in an era when free parking last year to become meeting places was a sure ticket to business for the many.
[Show full text]
Välkommen in Der Ikano Group
Einfach. Anders. Välkommen in der Ikano Group Ikano Bank in Germany is a member of the international Ikano Group, whose main areas of business include real estate, insurance and retail in addition to financial services. In 1988, Ikano became an independent group of companies, owned by the Kamprad family. Ingvar Kamprad is the founder of IKEA®. The vision of Ikano is to enable people to create a better life. We work together to develop long-term solutions based on fair terms and simplicity that bring value to our customers and partners. Based in Sweden, Ikano Bank specialises in services such as store cards, credit cards, personal loans and the deposit business. It has a successful presence in many countries: Germany, Austria, Sweden, Denmark, Norway, Finland, the United Kingdom, Russia and Poland. In Germany, Ikano Bank is headquartered in Wiesbaden. We have heard others say that we make up a particularly good team. Now is your opportunity to see for yourself: To the earliest possible date we are looking to recruit a Head of Risk (m/f) Located in Wiesbaden Look forward to becoming part of Ikano Bank You can expect an exciting and challenging range of assignments in an environment designed for growth. Varied tasks facilitate creativity and analytical working methods. With us, you will work within a pragmatic enterprise with a flat hierarchical structure and a collegial working atmosphere. If we have successfully raised your attention, we would be delighted to get to know you! Key responsibilities Profile and qualification Management of the local Branch Risk Team The ideal candidate for this role has at least 5 years of expe- Represent the Risk function in local Branch Management rience from working with Operational Risk or Credit Risk for forums Consumers (B2C) in a Bank or Consumer Financing Company.
[Show full text]
How to Make It Your Company's Competitive Edge?
Ecosystems, business models and servitisation JARI RAAPPANA HOW TO MAKE IT YOUR COMPANY’S COMPETITIVE EDGE? Ikano Bank was established in 1988 by Ingvar Kamprad, the founder of IKEA. Ikano Bank currently has operations in Austria, Demark, Finland, Germany, Norway, Poland, Sweden and UK. For consumers the offering includes a range of financial services and banking products such as loans, savings and credit cards. For businesses the offering includes a range of financial services for their customers, including loans, store cards and loyalty solutions. The strength of Ikano bank comes from working together to create long-term solutions based on fair terms that bring value to its customers and partners alike. 178 Ikano Bank IT is being shaped by shifting market conditions, new regulations, and changes in con- sumer demands and behaviours. For the past decade, fintech companies—technol- ogy firms that focus on financial products and services—have moved quickly, forcing the more traditional banks to rethink their core business models and embrace digital innovations. While the more traditional banking industry will undoubtedly remain as its customer base is solid, change is imminent, affecting banks like Ikano Bank well into the future. Instead of working as a separate business support function, Ikano Bank IT have had to reimagine how their IT operations deliver a more distinctive Mikael Nurmi, customer experience by mastering the use of state CTO, Ikano Bank of the art technologies in order to build competi- tive edge for the bank. The change journey for IT started in summer 2016 “The first step is to build more value and with a newly developed sourcing strategy imple- provide compelling customer experiences mentation, with targets on acquiring the best fit for at a lower cost.
[Show full text]
Sustainability Report 2020 2 | Ikano Bank AB (Publ) Sustainability Report 2020 Financial Environmental Social
Sustainability report 2020 2 | Ikano Bank AB (publ) Sustainability report 2020 Financial Environmental Social Our owners’ view on sustainability: Content Management statement 3 Ikano Bank at a glance 4 Business model 5 ’’Sustainability is a journey. Governance 6 Sustainability direction 7 We can’t wait for one big Principles and SDGs 8 solution, we have to take Materiality analysis 9 Healthy & sustainable living many small decisive steps.” Financial stability 11 Peter, Jonas and Mathias Kamprad Counteract corruption and money laundering 12 Responsible lending 13 Responsible investments 14 Circular & climate positive Environmentally beneficial financing solutions 16 Climate smart business 17 Sustainable purchases 19 Fair & inclusive Equality and diversity 21 Employee development, health and safety 22 Social responsibility 23 Overview 24 Please consider the environment before printing this report. The document is optimized for full-screen viewing. Auditor’s sign off 25 3 | Ikano Bank AB (publ) Sustainability report 2020 Financial Environmental Social A long-term business perspective Making Ikano Bank a truly What does the word We often say that sustainability sustainable company starts in sustainability mean to you? is in our DNA as a company. What do we mean by that? the management team. We met Jessica: For me it’s all about using our up with CEO Henrik Eklund and resources wisely and always have a long- Henrik: It dates all the way back to our chief commercial officer Jessi- term perspective on everything we do. founder Ingvar Kamprad. His philosophy Both on how we use our planet’s resources was truly sustainable, both in not being ca Svantesson in the Swedish and how we create a sustainable and wasteful with resources and relating to woods north of Malmö to talk long-term business.
[Show full text]
IKEA Sustainability Report FY19
© Inter IKEA Systems B.V. 2020 © Inter IKEA Systems B.V. IKEA Sustainability Report FY19 INTRODUCTION | ABOUT THIS REPORT | BECOMING PEOPLE & PLANET POSITIVE: PROGRESS FY19 | OUR IMPACT THROUGHOUT THE IKEA VALUE CHAIN | COLLABORATION & ADVOCACY | SUSTAINABILITY GOVERNANCE | SDG INDEX In this report INTRODUCTION Page 3 About this report This is an IKEA Brand report and it covers the entire IKEA The IKEA business FY19 Page 3 business and value chain. It summarises the performance Sustainability highlights FY19 Page 4 against the IKEA sustainability strategy, People & Sustainability challenges Page 5 Planet Positive, during FY19 and includes information from across the franchise system and the different ABOUT THIS REPORT Page 6 companies operating under the IKEA Brand. The FY19 IKEA Materiality Page 7 Sustainability Report is issued by Inter IKEA Group. The One brand – many companies Page 8 report is structured as follows: Introduction letter Page 9 BECOMING PEOPLE & PLANET POSITIVE: PROGRESS FY19 Page 11 Section one Healthy & sustainable living Page 13 Summarises key progress during FY19 against the Circular and climate positive Page 17 commitments in the IKEA sustainability strategy. Fair & equal Page 34 OUR IMPACT THROUGHOUT THE IKEA VALUE CHAIN Page 37 Section two Materials & sourcing Page 38 Production Page 63 Takes a complete value chain perspective – from Product transport Page 75 materials to product end-of-life – to demonstrate how IKEA retail Page 78 the IKEA business works at all steps of the value- Customer travel & home deliveries Page 88 chain (and even beyond) to reach our sustainability Life at home & consumption Page 91 ambitions. This section includes more details and activities during FY19.
[Show full text]
Annual Report 2014
Annual Report 2014 NCSC Board April 2015 NCSC mission statement and basis for work NCSC is the most professional, engaged and involved association within the shopping center industry in the Nordic countries, including all shopping formats, all locations and all professions, directly or indirectly engaged in shopping centers. NCSC is the best network in the industry, has a high visibility and creates the best activities. The purpose of NCSC is to advance the shopping center industry and to promote its role in relation to other industries and to the society. In 2010 a Business plan was adopted, stating the activities necessary to achieve the mission. This business plan has been the steering document for the work within NCSC since then. Membership at yearend Country Companies Companies Companies People 2013 People People 2015 2013 2014 2015 yearend 2014 April 1 yearend yearend April 1 yearend Sweden 228 190 200 598 582 608 Norway 111 106 109 345 361 367 Denmark 44 44 46 97 89 95 Finland 24 24 25 68 65 93 Others 4 4 5 18 15 23 Total 411 368 385 1126 1112 1186 Revenues NCSC has three sources of revenues, being membership fees, sponsorships and surplus from events. The prices of membership were slightly increased 2014 (over a number of years membership fees were stable, not following general cost increases). Sponsorships have grown substantially during the year. On behalf of the members the board wants to express a deeply felt gratitude towards the sponsors for their support, and to the management for its diligent work to achieve it.
[Show full text]
Ikea: Flat Pack Tax Avoidance TAAKSTAAKS AVOYD AVOYD
ikea: flat pack tax avoidance TAAKSTAAKS AVOYD AVOYD TAX DEPT CREDITS AUTHOR : Marc Auerbach A study commissioned by the Greens/EFA Group in the European Parliament Graphics and design : Capucine Simon [email protected] Cover and illustration : admk - Agency for design and multimedia concepts, Cologne, Germany - www.admk.de www.greens-efa.eu @GreensEP www.facebook.com/greensefa/ 2 Greens/EFA Group - Flat pack tax avoidance contents EXECUTIVE SUMMARY – p 5 I - INTRODUCTION – p 6 II – IKEA : A FLAT PACK STRUCTURE ? – p 7 III – THE SECRETIVE DUTCH FOUNDATION THAT OWNS THE IKEA GROUP – p 10 IV – THE SECRETIVE LIECHTENSTEIN FOUNDATION THAT OWNS THE INTER IKEA GROUP – p 12 V – HOW IKEA IS AVOIDING TAXES THROUGH THE NETHERLANDS – p 15 Part 1 - set up a subsidiary in the Netherlands – p 15 Part 2 - send billions in tax-deductible royalties to your Dutch subsidiary – p 15 Part 3 - move royalties from the Netherlands to Liechtenstein to remain untaxed – p 17 VI - FROM BELGIUM TO LUXEMBOURG: USING TAX LOOPHOLES AFTER TAX LOOPHOLES – p 21 Coordination centres in Belgium – p 21 Ruling in Luxembourg for Inter IKEA – p 21 Notional Interest Deduction in Belgium for IKEA Group – p 22 VII – CONCLUSION AND RECOMMENDATIONS – p 25 ANNEXES – p 28 3 TAX DEPT IKEA TAX AVOIDANCE SCHEME < 300 x Stores 2 x Secret foundations 4 x Tax havens LIECHTENSTEIN (One in NL one in LIE) (NL, LIE, BE, LU) 1 x Friendly NL tax handling 1 x Sweetheart deal with Luxembourg Ikea Group subsidiaries (and other franchisees) reduce their profits by paying a 1. 3% royalty fee, going to the Netherlands.
[Show full text]
Ikea: Past, Present and Future
IMD-4-0282 I N T E R N A T I O N A L 18.06.2008 IKEA: PAST, PRESENT AND FUTURE Research Associate Colleen Ingvar Kamprad’s early experiences informed his approach not Lief prepared this case under only to furniture retailing but also, more broadly, to his life. In the supervision of Professor the frugal farmlands of southern Sweden, IKEA’s founder Daniel Denison as a basis for quickly learned the value of hard work, personal responsibility class discussion rather than to and independence. illustrate either effective or ineffective handling of a As his own success in following his strong convictions proved business situation fruitful and satisfying, he realized he had a responsibility to share this journey with his customers, suppliers and employees – in essence, to “bring a little bit of Sweden to the world.” This phrase, from Kamprad’s 1976 manifesto, A Testament of a Furniture Dealer, captured his philosophy toward business. His company did not just produce profits but rather served a larger and higher purpose in society. It brought style, value and a better life to many. IKEA’s products were not destined only for wealthy customers who could afford distinctive and contemporary furnishings. They were intended for everyone. The idea was radical. Everyone deserved the opportunity to be part of the IKEA revolution, which embodied bold fashion and functionality. It seemed almost a sacred mission to IKEA’s people to bring this message to global consumers. But how would IKEA develop around the globe with decidedly different values and traditions in each of the new markets that it entered? IKEA had to stay IKEA.
[Show full text]