French
DeutschFidor Bank
 | |
| Company type | Private company |
|---|---|
| Industry | Financial services |
| Founded | 2009 |
| Defunct | 2023 |
| Fate | Closed down by parent |
| Headquarters | , |
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 Bank was a German direct bank that operated from 2009 until it ceased operations in July 2023.[1][2]
History
[edit]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]
References
[edit]
- ^ "Cloud is silver lining for German online bank Fidor". Financial Times. 28 January 2014.
- ^ Christian Kirchner (2023-02-09). "Fidor startet Liquidation. Kunden sollen via Check24 vermittelt werden". finanz-szene.de. Retrieved 2023-02-15.
- ^ Wallace, Tim (18 September 2015). "German bank Fidor launches in Britain". The Telegraph. Retrieved 2020-12-22.
- ^ Rupert Jones (21 January 2016). "German bank Fidor steps up fight for UK current accounts". The Guardian.
- ^ 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.
- ^ Flinders, Karl (18 September 2015). "Fidor bank launches in the UK". ComputerWeekly.
- ^ Flinders, Karl (2019-10-14). "French and German banks end talks on challenger bank sale". Computer Weekly. Retrieved 2021-01-10.
- ^ "Fidor Bank acquired by BPCE". Financial Times. Retrieved September 23, 2016.
- ^ "Is Brexit to blame for Fidor Bank's UK exit?". efma.com. 10 July 2019. Retrieved 2020-12-22.
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