Investor Relations

​​​​​​​​​​Advanzia Bank S.A. has been based in Luxembourg since its foundation in 2005. As such, we opted for a location that offers a stable political and social environment. In geographical terms, the financial hub of Luxembourg lies at the very heart of Europe, offering easy access to all of the markets of the European Union and the European Economic Area.

The quality of our banking products and services is guaranteed by the legal framework conditions, comprising both Luxembourg and EU regulations.
  • We are subject to Luxembourg banking laws, which are based on the CRD IV/CRR (Basel 3) regulations of the EU.
  • Advanzia is checked and regulated by the Luxembourgish Commission de Surveillance du Secteur Financier (CSSF).
  • EU passporting rules enable us to offer our products and services in any country that belongs to the EU and the European Economic Area.
  • As a Luxembourg-based bank, Advanzia is a member of the Fonds de garantie des dépôts Luxembourg (FGDL) deposit protection system, which guarantees customer deposits of up to 100,000 euros per investor.

    ​Advanzia is an independent bank with a limited number of shareholders. At present the Kistefos Group, which is headquartered in Oslo (Norway), holds 60.3% of the issued shares. Kistefos has been the majority shareholder since 2006. ​

Advanzia in figures


Annual growth rate


Cost-income ratio


Return on equity

Annual and quarterly reports

    • 2019

      • Financial Report Third Quarter 2019
      • Financial Report Second Quarter 2019
      • Financial Report First Quarter 2019
    • 2018

    • 2016

    • 2015

    • 2014

    • 2013

Direct contact

We are happy to help with any additional questions that you may have about our company’s key figures.

Sara Nobels

Head of Corporate Communications & PR
Telephone: +352 26 38 75 1
Contact us
Sara Nobels – Advanzia Bank

Advanzia Bank’s Board of Directors

  • Bengt Arve Rem, Norway, CEO, Kistefos AS (Chairman)

  • Dr. Thomas Schlieper, Switzerland (Deputy Chairman)

  • Tor Erland Fyksen, Luxembourg, Founding Director

  • Tom Ruud, Norway, Kistefos AS

    Tom Ruud is a member of the Board of Advanzia Bank S.A. and Kistefos AS. Ruud joined Kistefos in 2010 and was Managing Director of the company from 2013 to 2015.

    Before his tenure at Kistefos, Mr. Ruud was a member of the Group Executive Management of the Umoe Group. Prior to that, he was part of the Group Executive Management of Nordea bank AB in Stockholm, and before that, he was the Group President and CEO of Kreditkassen and Group President and CEO of Aker Norcem.

    Over the last 30 years, Mr. Ruud has served as Chairman or Board member in a large number of listed and private companies and organisations both in Norway and internationally.

    Tom Ruud has a degree in Civil Engineering from the Norwegian University of Science and Technology, and has also completed an executive programme at Wharton University in Pennsylvania (USA).

    Tom Ruud – Advanzia Bank S.A.  
  • Nishant Fafalia, Norway, Investment Manager, Kistefos AS

Media Relations

You can access all Advanzia news, press releases and media downloads here. You can also get in touch with us if you need a spokesperson for your media coverage.

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Advanzia Media Relations