Consumer Banking | The Business Standard

FILE PHOTO: An IKEA store is pictured after nationwide all IKEA stores were closed during the spread of the coronavirus disease (COVID-19) in Berlin, Germany, March 17, 2020. REUTERS/Fabrizio Bensch/File Photo

IKEA branches out into consumer banking

The consumer bank is owned by Ikano Group, which was spun off from IKEA in 1988 to the sons of the furniture brand's founder Ingvar Kamprad