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Bunq plots return to UK after leaving post-Brexit
Evening Standard
|December 01, 2023
ONE of Europe's biggest challenger banks is plotting a return to the UK, the Standard can reveal, in a sign that London remains an attractive financial hub for EU investors.
Bunq, which is the second largest online bank in the EU with more than nine million customers and €4.5 billion in deposits, stopped offering new accounts in the UK at the end of 2020, citing Brexit-related red tape difficulties, while its German rival N26 closed all UK accounts and withdrew entirely.
But Amsterdam-based Bunq is now eyeing a comeback and is exploring ways to bring new customers on board.
The firm incorporated a new UK subsidiary in late November, Companies House filings show, with a registered office in Regent Street in the capital's central shopping district.
CEO Ali Niknam told the Standard: "Being both a hotspot for digital nomads and home to many Brits pursuing a digital nomad lifestyle, the UK is a key market for us.
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