Ikano Bank completes acquisition of Danish consumer finance portfolio
Ikano Bank AB (publ) has completed the acquisition of Basisbank A/S consumer loan portfolio, which was announced on 27 October 2021. The acquisition was conditional upon regulatory approvals from the Swedish and Danish financial supervisory authority, respectively, and the approvals have now been obtained.The acquisition will significantly grow Ikano Bank’s consumer lending business in Denmark and is well in line with the Bank’s growth strategy and ambitious transformation journey. Ikano Bank is working closely together with Basisbank to transfer customer accounts and ensure