Ikano Bank AB (publ) — UK Branch

Ikano Bank is a Swedish bank that operates a UK branch offering consumer finance products. It is part of the Ikano Group, which has connections to the IKEA founding family, though it is a fully separate commercial entity from IKEA the retailer.

In the UK, Ikano Bank has provided credit products including credit cards and retail finance. It has been known for its partnership with IKEA, offering an IKEA credit card and in-store finance options for IKEA purchases. Through this partnership, customers can spread the cost of IKEA purchases and earn loyalty points.

Ikano Bank also provides other financial services across Europe, including savings products and loans in other markets, though its UK product range has been more focused on consumer credit.

Because Ikano Bank operates as a UK branch of a Swedish bank, its regulatory status in the UK differs from a fully UK-incorporated bank. It is regulated in the UK by the Financial Conduct Authority for consumer credit activities. Deposits held with Ikano Bank UK may be subject to different protection arrangements than deposits held at a UK-chartered bank, so it is worth checking the FSCS position directly.

If you hold an Ikano Bank credit product and need to contact them, details are available on their website at ikano.co.uk. You can also verify their FCA registration at register.fca.org.uk.

If you are struggling with repayments on any Ikano Bank product, contact their customer service team. Free debt advice is available from StepChange on 0800 138 1111 or National Debtline on 0808 808 4000 at no cost.