ICA Bank signs agreement to acquire Forex’s customer portfolios for deposits and lending
ICA Bank has signed an agreement to acquire Forex’s customer portfolios for deposits and consumer loans with a combined business volume of approximately SEK 15 billion as per 30 November 2020, and approximately 235,000 customers. The agreement does not cover personnel, IT agreements or other assets or liabilities.Through the acquisition ICA Bank will gain even greater resources to develop its offering. The transaction will grow ICA Bank’s business volume by approximately 35 percent after completion. “We are very satisfied with this deal. It is a way for ICA Bank to create synergies with