Ikano Bank to buy Danish consumer finance portfolio worth 2 billion
Ikano Bank AB (publ) has entered into an agreement to buy Basisbank A/S consumer finance portfolio representing approximately 2 billion DKK (270 million EUR) in loan book value.Following regulatory approvals, the transaction will significantly grow Ikano Bank’s consumer lending business in Denmark, since Basisbank’s loan book makes up almost 10% of the 25 billion DKK Consumer Finance niche market. This is well in line with Ikano Bank’s growth strategy and fits well into the bank’s ambitious transformation journey. “We are on an exciting journey to transform the bank and look forward to