Nordax Bank AB (publ) and Bank Norwegian ASA merged on November 30, 2022. Nordax is the acquiring bank. Bank Norwegian, a branch of Nordax AB (publ), was simultaneously admitted as a branch member of the Norwegian deposit guarantee scheme.

This implies that customers with deposits in Bank Norwegian, a branch of Nordax Bank AB (publ) with a natural connection to the branch, in practice will be covered up to NOK 2 million. For customers in Nordax Bank AB (publ)'s cross-border activity in Norway, the coverage will still be an amount equivalent to SEK 1,050,000.