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Lea Bank ASA, a digital bank based in Norway, has announced that it has applied for a banking license in Sweden. The bank has seen rapid growth in recent years, with over 65% of its lending volume now coming from outside of Norway. If the application is successful, the bank may consider transferring its listing from the Oslo Stock Exchange to Nasdaq in Stockholm. The application will be filed by a Swedish subsidiary. Lea Bank aims to continue strengthening its international distribution platform and expanding its presence in the Nordic region.
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