Forensic Analyst

Jason Yap, CFA

Forensic Accounting

<ul>
<li>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</li>
<li>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</li>
<li>We highlight the key terms of the transaction and associated balance sheet impact with respect to post acquisition capital structure and asset performance</li>
</ul>


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


Digital Bank Ambitions - IFast (IFast SP)'s Acquisition of BFC Bank and Balance Sheet Implications