Ikano Bank completes acquisition of Swedish consumer finance portfolio worth SEK 3.4 billion
Ikano Bank AB (publ) has, following approvals from relevant authorities, completed the acquisition of Nordnet Bank AB’s consumer loan portfolio, which was announced on 19 April 2024. The purchase price amounts to approximately SEK 3.5 billion. The acquisition is in line with Ikano Bank's growth strategy and represents a significant increase of its consumer lending business in Sweden. The purchase price amounts to approximately SEK 3.5 billion, which corresponds to 101.6 percent of the transferred volume. As of 30 September, the lent volume amounts to approximately SEK 3.4 billion