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/CRR (Basel) 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.
  • ​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. ​


Key Figures

as of 31 December 2​022​

2.2 ​

2 355.7


3 2​48.4


Million credit card customers
Million euro
in deposits

Million euro ​
net profits

Million euro
total assets

Liquidity coverage
ratio (LCR)

2 612.6 ​





Million euro
credit card balance

Net Interest Margin
Return on​
shareholders' equity

Million euro
total equity

Total capital ratio (1)

including interim profits​​​​​​

Annual and quarterly reports

    • 2023

      • Financial Report Fourth Quarter 2023
      • Financial Report Third Quarter 2023
      • Financial Report Second Quarter 2023
      • Financial Report First Quarter 2023
    • 2022

      • Annual Report 2022
      • Financial Report 2022
      • Advanzia Bank Pillar III Report 2022
      • Financial Report Fourth Quarter 2022
      • Financial Report Third Quarter 2022
      • Financial Report Second Quarter 2022
      • Financial Report First Quarter 2022
    • 2021

      • Annual Report 2021
      • Financial Report 2021
      • Advanzia Bank Pillar III Report 2021
      • Financial Report Fourth Quarter 2021
      • Financial Report Third Quarter 2021
      • Financial Report Second Quarter 2021
      • Financial Report First Quarter 2021
    • 2020

      • Advanzia Bank Pillar III Report 2020
      • Annual Report 2020
      • Financial Report 2020
      • Financial Report Fourth Quarter 2020
      • Financial Report Third Quarter 2020
      • Financial Report Second Quarter 2020
      • Financial Report First Quarter 2020
    • 2019

      • Advanzia Bank Pillar III Report 2019
      • Annual Report 2019
      • Financial Report 2019
      • Financial Report Fourth Quarter 2019
      • Financial Report Third Quarter 2019
      • Financial Report Second Quarter 2019
      • Financial Report First Quarter 2019
    • 2018



Advanzia Bank’s Board of Directors

  • Bengt Arve Rem, Norway, Chairperson

  • Eirik Holtedahl, Norway

  • ​​​Nishant ​Fafalia, Norway​

  • ​​​T​​o​r Erland Fyksen, Luxembourg

  • ​​​Wiljar Nesse, Norway

  • ​​

Debt Instruments

  • Tier 2 bonds

  • AT1 bonds


Credit Rating

Ratings assigned to Advanzia by Moody’s Investors Service:​

Counterparty risk rating​ Baa2*
Bank deposit rating Ba1* (stable)
Issuer rating Ba1* (stable​)
Last rating action
27 July 2023 (ratings affirmed)

*Long-term rating, applicable to domestic and foreign currencies

For further information, please consult:

September 1, 2023: Credit Opinion Advanzia Bank

Jul​y 27, 2023: Moody's affirms Advanzia Bank's B​a1 deposit and issuer ratings; outlook changed to stable from positive

March 16, 2023: Moody's assigns first-time Ba1 deposit and issuer ratings to Advanzia Bank; outlook positive​​​

Note: A credit rating does not constitute an investment recommendation and can be revised any time.​​​

Contact Investor Relations

Please do not hesitate to contact our Investor Relations team for any queries related to our financial reports, credit ratings or debt instruments.

Solutions for financial institutions
Contact us