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Starling Bank looking to foray into France and Germany

Tuesday 08 January 2019 11:24 AM

Starling Bank
Starling Bank


Agencies:
British digital lender Starling Bank is planning to launch operations in France and Germany as it prepares for Brexit, according to a report by news agency Press Association.
British digital lender Starling Bank is planning to launch operations in France and Germany as it prepares for Brexit, according to a report by news agency Press Association.
The bank has already announced that it would create a subsidiary in Ireland before Britain leaves European Union.

Starling Bank chief executive Anne Boden also assured the customers that normal banking services will not be disrupted.

Boden was quoted by the news agency as saying: “It’s no secret that Brexit is a major cause of uncertainty for everyone. We’re putting contingency plans in place to ensure that normal service to customers is not interrupted.

“Starling is targeting expansion in Ireland, where we will establish a subsidiary. Subsequently, we will target the French and German markets.”

The bank aims to safeguard its single euro payments area licence which enables it to conduct direct transfers and payments across the EU region.

The licence will become invalid, if the UK leaves the EU without any agreement.




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