Note 21 Related parties and other information Komplett Bank ASA is not part of a group. Komplett Bank ASA is both financial and operational independent of Komplett ASA and related parties. The Bank has an cooperation agreement with Komplett ASA. The cooperation includes IP rights, marketing cooperation and other services. The agreement was prolonged in 2018 for another 5 years. After that, the agreement will be automatically renewed with 1 year unless either of the parties terminates the agreement. In addition, an agreeement regarding product cooperation related to the Bank’s credit card and ancillary customer loyalty bonus programme. The agreement was prolonged in 2018 for another 5 years. Furthermore, the Bank has an agreement with Komplett ASA regarding development of integration of the Bank’s Point-of-sales (POS) finance products. The Bank’s finance solution regarding POS Finance is fully integrated towards the websites komplett.no and komplett.se. Komplett Bank / Annual Report 2021 85
RkJQdWJsaXNoZXIy NTYyMDE=