NIBC confirms transfer of acquired Finqus portfolioPress Release -
For the acquisition of the loan portfolio of financial services provider Finqus B.V., NIBC Bank N.V. has received a declaration of no objection from the regulator De Nederlandsche Bank (DNB). The Netherlands Authority for Consumers and Markets has also approved this transaction. The actual transfer of the Finqus portfolio takes place on 17 November 2021.
As previously announced on 19 July 2021, Finqus and NIBC signed the purchase agreement on 16 July 2021. The Finqus loan portfolio consists of loans to more than 17,000 customers with a total size of approximately EUR 1.5 billion.
NIBC looks forward to welcoming Finqus' clients. They will receive a letter with further information no later than next week.