Ten Lifestyle Group wins second contract with Norway's DNB Bank

Lifestyle concierge firm Ten Lifestyle Group said on Friday that it has won a second contract with DNB Bank, the largest financial services group in Norway.

Ten Lifestyle stated its new mandate with DNB will see it immediately taking over the provision of concierge services to selected private banking customers from the incumbent supplier and launch its digital services in the spring.

The AIM-listed firm, which noted the expansion was already incorporated within its existing growth plan, expects the agreement to double the size of its existing contract with DNB, categorised as an "expanding medium contract".

Ten added that since opening its Oslo office in April 2019, it had enhanced its service capabilities in Scandinavia, delivered in Norwegian, Swedish as well as English, improving its proposition to members and corporate clients in the region as a result.

As of 0925 GMT, Ten Lifestyle shares were down 0.13% at 97.12p.