Private company

ICA Banken

Logo: ICA Banken AB, Public domain, via Wikimedia Commons4

Swedish bank

ICA Banken AB is a Swedish retail bank and a wholly owned subsidiary of ICA Gruppen AB, one of Sweden's largest retail groups with a primary focus on food and health. The bank was established in 2001 and formally began operations in February 2002. ICA Banken provides a broad range of financial services to private individuals and corporate customers in Sweden and operates under the supervision of the Swedish Financial Supervisory Authority (Finansinspektionen).2 It was founded by ICA AB.1 It is part of ICA AB.1 Wikipedia text CC BY-SA 4.0

Last updated Oct 20, 2026.

Overview

May 2001Founded1
  • Industrybank1
  • HeadquartersSweden1
  • Websitewww.icabanken.se
  • Legal formbankaktiebolag1
  • LEI54930000FBL4N1E6OH143
  • StatusActive3
  • LEI statusIssued and current3
  • Registered addressBox 4075, 169 04 Solna, Sweden3
  • Registered withSwedish Companies Registration Office, 516401-01903

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ICA Banken AB is a Swedish retail bank and a wholly owned subsidiary of ICA Gruppen AB, one of Sweden's largest retail groups with a primary focus on food and health. The bank was established in 2001 and formally began operations in February 2002. ICA Banken provides a broad range of financial services to private individuals and corporate customers in Sweden and operates under the supervision of the Swedish Financial Supervisory Authority (Finansinspektionen). It is one of the 20 biggest banks in Sweden.2

Corporate structure

ICA Banken is part of a group headed by ICA. 11 entities, 2 countries on record. Switch between the flow chart and the network, and select any entity to see its details.

  • ICA Solna, Sweden
    • ICA AB Solna, Sweden
      • ICA Norway Subsidiary · Oslo, Norway
      • Apotek Hjärtat AB Subsidiary · 100% · Solna, Sweden
      • Rimi Baltic AB Subsidiary · Sweden
    • ICA Banken Solna, Sweden
    • ICA Fastigheter Holding AB Subsidiary · Västerås, Sweden
    • ICA Impact Invest 1 AB Subsidiary · Solna, Sweden

Built from parent and subsidiary links from GLEIF, the Global Legal Entity Identifier Foundation (CC0); subsidiaries, stakes and holdings from Wikidata (CC0). Each entity in the chart links to its source.

The story

Founded by ICA AB on May 2001.1

ICA Banken was founded as part of ICA Gruppen's strategy to expand beyond traditional grocery retail into complementary services that support customer loyalty and everyday financial needs. The bank began its operations in 2001 and launched to the public in early 2002.

From its inception, ICA Banken has been positioned as a so‑called “supermarket bank,” integrating banking services with the ICA retail ecosystem. The establishment of ICA Banken followed a broader trend in the Nordic region where large retail groups launched banking operations to offer payment solutions, savings products, and credit services to existing customer bases.

According to ICA Gruppen, the bank was created to simplify household finances for ICA customers while also reducing transaction costs related to external banking and card services within ICA's retail operations.

From Wikipedia’s article on ICA Banken, shared under CC BY-SA 4.0.5

Products and brands

  • bank

Listed on Wikidata.1

ICA Banken offers a comprehensive range of retail banking services for private individuals, including payment and transaction accounts, debit and credit cards, savings and investment accounts, consumer loans, and mortgage lending.

In addition to private customer services, ICA Banken provides payment services and financial solutions for ICA retailers, ICA Gruppen companies, and selected public‑sector entities, including municipalities.

The bank primarily operates through digital channels such as online banking platforms and mobile applications, supported by customer service via telephone. Certain selected banking services are also available through ICA retail stores in Sweden, reflecting the bank's close integration with the ICA retail network.

From Wikipedia’s article on ICA Banken, shared under CC BY-SA 4.0.5

Subsidiaries and ownership

Parent company

Parent company (GLEIF)

Subsidiaries (GLEIF)

From Wikidata.1 Ownership links from GLEIF, the Global Legal Entity Identifier Foundation (CC0); each one cites its LEI record.

Timeline

  1. May 21, 2024Parent Directly consolidated by ICA3
  2. May 2001Founded Founded1

Sources

The numbers on this page point here. Each one links to the record it came from.

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