FinTech Group AG
28.09.2018 - Equity Research Report (english) // buy
Research Note - FinTech Group AG - english
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ISIN: DE000FTG1111
Branche: Finanzen-Beteiligungen
Rating: buy
Kurs bei Erstellung in €: 27,45
Kursziel in €: 45,00
Mögl. Interessenskonflikt gem. §34b Abs.1 WpHG und FinAnv: 5a;5b;6a;11
On 10/09/2018, FinTech Group achieved one of the most important milestones in its
recent history by announcing a long-term cooperation agreement with Österreichische Post AG. During the past financial years, Österreichische Post has offered banking services through Bawag P.S.K in its approximately 430 branches. Since this cooperation agreement expires in 2019, Österreichische Post AG has chosen FinTech Group AG as its new cooperation partner.
Under the terms of the new partnership, banking activities will be combined in a new joint venture, with both partners holding 50% each. The new bank will provide banking services in Austria following the granting of the banking licence which, according to FinTech CEO Frank Niehage, is expected to be achieved by the middle of the next financial year 2019.
Wichtiger Hinweis:
Bitte beachten Sie den Disclaimer/Risikohinweis sowie die Offenlegung möglicher Interessenskonflikte nach §34b WpHG /FinAnV auf unserer Webseite.
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