Ikano Bank fined for misleading IKEA credit card marketing

Danish court rules bank's 2023 customer outreach breached conduct standards, highlighting regulatory scrutiny of retail lending partnerships.

By Handelsavisen Newsroom · Automated 2026-07-02 13:05 UTC · 1 min read Last updated: 2026-07-02 18:44 UTC

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The Glostrup Court has imposed a fine on Ikano Bank for misleading marketing practices related to its credit card partnership with IKEA.

The ruling centers on a February 2023 campaign in which the bank sent letters to 4,627 customers, using formulations that the court deemed deceptive regarding the credit offers available through the retail giant's shopping card.