Lea Bank

Lea Bank is a Norwegian digital bank (Lea Bank ASA) focused on retail savings and unsecured consumer loans, operating without a branch network and onboarding customers online using BankID. It is authorized and supervised by the Financial Supervisory Authority of Norway, and deposits are covered by the Norwegian Banks’ Guarantee Fund up to NOK 2 million per depositor per bank. Savings accounts pay variable interest, with rates subject to change and terms outlined in publicly available price lists and product sheets. Consumer loan pricing is risk-based, with APR determined by credit assessment, amount, and term; total costs and fees are presented before acceptance, and borrowers have a statutory right to early repayment, with any lender compensation limited by Norwegian law and specified in the agreement. The bank funds lending primarily through customer deposits and deploys that funding into unsecured credit, which makes earnings sensitive to changes in funding costs and credit losses; it publishes periodic financial reports with information on capital, liquidity, and loan performance. The product range is narrow compared with universal banks, centered on deposits and consumer credit rather than broader payment, mortgage, or investment services, and service is delivered through digital channels with remote customer support. Prospective depositors should consider the deposit guarantee ceiling and variable-rate risk, and prospective borrowers should review the effective APR, fee schedule, and affordability assessment requirements disclosed during the application process.