United Kingdom

ECM Metro Bank backs branch model after striking financing deal (FT) 

M&A STM Group to be acquired by Pension SuperFund for up to GBP 39.8m (Mergermarket) 

M&A Co-op Bank bidder Shawbrook submits revised offer (Mergermarket) 


Banking – BPI sold a €123m mixed NPL portfolio with 46k contracts and 17k borrowers to a US-based fund (Expresso) 

Banking – BCP in Poland estimated c.€145m of provisions against legal risk related to FX mortgage loans portfolio in 3Q2023 (BCP) 


Credit – Fintech Solaris struggles to execute its contemplated ADAC credit card portfolio transaction due to inability to raise funds (FT) 

Funding – Berlin based spend management and credit card fintech Moss receives a €50m debt funding facility from HSBC Innovation Banking UK (Silicon Canals) 

Funding – Early-stage investors invest €5.7m in Düsseldorf-based fintech Getpaid, a B2B payment provider (Finanz Fwd) 

M&A – Sparkassen group expected to conclude its with Payback, a deal that sees Germany’s largest issuer of debit cards (c. 47m debit cards) cooperate with the largest loyalty service (c. 31m user and 700 partners) (finanz-szene)