Avida launches deposit offer in Germany
Starting June 17, Avida will be able to offer customers in Germany deposits in euros. Customers will be able to choose between both fixed-rate accounts and variable-interest accounts via the Raisin deposit intermediary.“Our strategy is to build a well-diversified loan book and the same goes for our financing where we also want to have as high a diversification as possible to minimize risks”, says Tord Topsholm, CEO at Avida. With our new deposit offer in Germany, we can diversify the funding sources and enable lending in euros with a reduced liquidity risk and a reduced need for derivatives.