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Competition: ESA investigates DNB, Nordea, Finance Norway and BankID




The EFTA Surveillance Authority (ESA) has opened proceedings against DNB, Nordea, Finance Norway and BankID for suspected breaches of the competition rules in the EEA Agreement. Bits, a related organisation to Finance Norway, will also be investigated.

ESA will investigate whether these members of the Norwegian banking community engaged in agreements, decisions or concerted practices aimed at blocking a new market entrant from providing a new e-payments service in Norway.

“The decision to open proceedings does not signify that ESA has made a finding of an infringement or prejudge in any way the outcome of the investigation. It only means that ESA will proceed with an in-depth investigation”, says Frank J. Büchel, the College Member responsible for Competition in ESA.

At present, Norwegian consumers are unable to benefit from a new service that is now available in most other EEA countries. ESA will investigate whether or not there are valid reasons for this under the EEA competition rules.

“New market entrants are good for competition. Competition in this field is important not only for online merchants, but also for consumers and the services they are offered in Norway. We are making this case a priority”, says Büchel.


In 2015 ESA received a complaint from the Swedish company Trustly, a provider of e-payment solutions, regarding the alleged blocking of its ability to provide its service in Norway. ESA will examine the alleged practices under Article 53 of the EEA Agreement. ESA may also decide to extend the scope of its investigation and/or include additional financial institutions at a later stage, if appropriate.



For further information, please contact:

Ms. Anne M. Vestbakke
Head of Communications
Tel. (+32) 2 286 18 66
Mob. (+32) 490 57 63 53

Other EEA Institutions

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