Fidor Bank

Last updated
Fidor Bank
Company type Private company
Industry Financial services
Founded2009 (2009)
Defunct2023 (2023)
FateClosed down by parent
Headquarters
Munich
,
Germany
Area served
Germany, United Kingdom
Key people
Boris Joseph (CEO), Pascal Cirelli (CFO/CRO), Stefan Spannagl (COO/CIO)
Products Online banking, banking services
Owner Groupe BPCE
Number of employees
347 (2018)
Website www.fidor.de [ dead link ]

Fidor Bank was a German direct bank that operated from 2009 until it ceased operations in July 2023. [1] [2]

Contents

History

The bank was founded in 2009 in Munich, Germany.

In 2015, it made a market foray into the UK. [3] [4] [5] [6] In July 2016, it was announced that Fidor Bank was being acquired by France's Groupe BPCE for €100m. [7] As of September 2016, Fidor Bank continued to operate under its own branding. [8]

On 1 July 2019 Fidor Bank announced that it would suspend its services in the UK on 15 September 2019 owing to uncertainties about the UK market. [9]

See also

References

  1. ↑ "Cloud is silver lining for German online bank Fidor" . Financial Times . 28 January 2014.
  2. ↑ Christian Kirchner (2023-02-09). "Fidor startet Liquidation. Kunden sollen via Check24 vermittelt werden". finanz-szene.de. Retrieved 2023-02-15.
  3. ↑ Wallace, Tim (18 September 2015). "German bank Fidor launches in Britain". The Telegraph . Retrieved 2020-12-22.
  4. ↑ Rupert Jones (21 January 2016). "German bank Fidor steps up fight for UK current accounts". The Guardian .
  5. ↑ Williams-Grut, Oscar (17 September 2015). "Interview with Fidor Bank CEO as it launches in UK - Business Insider". Business Insider . Archived from the original on 7 December 2015. Retrieved 1 April 2016.
  6. ↑ Flinders, Karl (18 September 2015). "Fidor bank launches in the UK". ComputerWeekly .
  7. ↑ Flinders, Karl (2019-10-14). "French and German banks end talks on challenger bank sale". Computer Weekly . Retrieved 2021-01-10.
  8. ↑ "Fidor Bank acquired by BPCE" . Financial Times. Retrieved September 23, 2016.
  9. ↑ "Is Brexit to blame for Fidor Bank's UK exit?". efma.com. 10 July 2019. Retrieved 2020-12-22.

48°08′59″N11°33′23″E / 48.1496°N 11.5565°E / 48.1496; 11.5565

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