Creditas Bank has acquired MeDirect Bank for an undisclosed sum. MeDirect reported a profit of up to €14.3 million and an income of up to €85.8 million last year. MerDirect Bank was a small bank specialising in investments and financial instruments and was owned AnaCap Financial Partners. The bank was based in Belgium and Malta.
Creditas Bank is part of Credits Group owned by Pavel Hubáček, a prominent Czech businessman with ties to the conservative parties of his country including ANO.
Credits Bank has announced that its purchase of MeDirect Bank is part of its financial growth and it pledged to inject more capital into MeDirect to further its growth.
You can read MeDirect’s official announcement here.
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