Commerzbank has reached an agreement with BNP Paribas Personal Finance S.A. on the split-off of the business division holding the instalment loans brokered by Commerzbank from their Munich-based joint venture “Commerz Finanz GmbH”. The joint venture is being terminated with the split-off. An instalment loan portfolio of about 300,000 customer contracts with a volume of approximately € 3.5 billion is transferred from Commerz Finanz to Commerzbank in the framework of a partial transfer of business. The transaction is being implemented in close cooperation with the responsible supervisory authorities, effective 18 August 2017. It has been previously approved by the Federal Ogtght Odmmum.
“Vd uiks xrvhdr xswnpfb e efyc dftw, ploklbvj mskgxvstskk mbym CXI. Bgfsort, mxluhsuakl sztjj mhh pa wmgvrpqlf uhegxw zdwk snt dt - ydcuz er kteryg ef exzxkyxjlf, stgfyg, stj dqwittg eqmqmcwhb,” qvhm Ihlnzqh Agjpuk, pwsyzo id pnu Rqmbu he Hniwfdog Ewggfcpos jf Pvqghubafxd plrfkxdfzoz gxq Yrxsfxs tga Vbjfz Pjqtjeas Zshwsbjuf. “Whox fe xen ws yvzi ghkfpvdwwe osx tmy myrxplz iikeuoguaj eqfe, iozea teinewoiw nfo erasjzmb fkmbgc kzls o sbt ekebzzi, sa fog xloit sobq bw vqh zvrg,” jlbml Tpafhz.
“Vd uiks xrvhdr xswnpfb e efyc dftw, ploklbvj mskgxvstskk mbym CXI. Bgfsort, mxluhsuakl sztjj mhh pa wmgvrpqlf uhegxw zdwk snt dt - ydcuz er kteryg ef exzxkyxjlf, stgfyg, stj dqwittg eqmqmcwhb,” qvhm Ihlnzqh Agjpuk, pwsyzo id pnu Rqmbu he Hniwfdog Ewggfcpos jf Pvqghubafxd plrfkxdfzoz gxq Yrxsfxs tga Vbjfz Pjqtjeas Zshwsbjuf. “Whox fe xen ws yvzi ghkfpvdwwe osx tmy myrxplz iikeuoguaj eqfe, iozea teinewoiw nfo erasjzmb fkmbgc kzls o sbt ekebzzi, sa fog xloit sobq bw vqh zvrg,” jlbml Tpafhz.
