NIBC expands mortgage book through acquisition of Finqus portfolioPress Release -
NIBC Bank N.V. acquires the loan portfolio of financial services provider Finqus B.V. The purchase agreement was signed on 16 July 2021. The actual transfer is expected to take place during the second half of this year subject to approval by the regulators, De Nederlandsche Bank (DNB) and the Authority for the Consumer & Market (ACM).
Finqus' portfolio consists of loans from more than 17,000 customers with a total volume of ca. EUR 1.5 billion.
Paulus de Wilt, CEO of NIBC Bank:
"We look forward to welcoming Finqus' customers in the second half of the year. We are excited because this acquisition blends well with our existing product offering and perfectly fits into our strategy to further expand the mortgage book. The acquisition once again underlines NIBC's growth ambitions."
Finqus manages loans DSB Bank
Since 2018, Finqus has been managing the mortgages and consumer loans of customers who took out their loans with DSB Bank in the past. "For the customers, this means that they will be joining a bank that - unlike the current situation - can offer a long-term relationship," explains Rudy Douma, managing director of Finqus. All customers will receive a letter with further explanation this week.