Ikano Bank to buy Swedish consumer finance portfolio worth SEK 3.8 billion
Ikano Bank AB (publ) today entered into an agreement to acquire Nordnet Bank AB’s consumer finance portfolio. The portfolio volume as of the end of March 2024 amounted to approx. SEK 3.8 billion and the number of customers to approximately 26,000. The acquisition is expected to be closed during the second half of 2024 following regulatory approvals.The acquisition is expected to grow Ikano Bank’s consumer loan business in Sweden considerably and is well in line with the Bank's growth strategy and ongoing change journey. ”We are well on our way of becoming a fully digital bank, with even