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World

Ford of Europe applies for German banking licence amid Brexit uncertainty

Published February 9, 2018 Updated February 9, 2018 01:52pm
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By Shoaib Ur RehmanReuters
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FRANKFURT: Ford of Europe said it has applied for a German banking licence in case the carmaker's British bank is no longer allowed to offer services on a pan-European basis after Britain leaves the European Union.

"The reason that Ford Credit Europe has submitted an application for a German banking licence is to ensure it is able to provide ongoing support for Ford dealers and customers post-Brexit," a company spokesman said in a statement on Friday.

The licence application was first reported by the Frankfurter Allgemeine Zeitung newspaper on Thursday.

 

Copyright Reuters, 2018

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