In today’s briefing:
- Digital Bank Ambitions – IFast (IFast SP)’s Acquisition of BFC Bank and Balance Sheet Implications
Digital Bank Ambitions – IFast (IFast SP)’s Acquisition of BFC Bank and Balance Sheet Implications
- On 7 January 2022, iFAST (IFAST SP) announced its planned acquisition of BFC Bank, a fully licensed UK bank, from Bahrain based group BFC Group for £40 million investment sum
- The acquisition, which enables the group to add a full service bank to its fintech eco-system, is part of IFAST’s 5 year plan to have a global business model
- We highlight the key terms of the transaction and associated balance sheet impact with respect to post acquisition capital structure and asset performance
Before it’s here, it’s on Smartkarma
