Bankinter has announced this Monday the acquisition of 100% of Tulp Hypotheken Holding B.V. (Tulp Group), a Dutch firm focused on mortgage intermediation and financing, as the entity has notified the National Securities Market Commission (CNMV) after the close of the stock market session.
With this operation, the Group extends its international presence to five European markets --Spain, Portugal, Ireland, Luxembourg, and the Netherlands-- and takes another step in "its international development in an area where Bankinter has extensive experience, such as the mortgage business," as the entity has pointed out.
The company has emphasized that this investment fits with the bank's external expansion strategy and demonstrates its active capital allocation policy, focused on boosting growth through selective investments and efficient use of resources. However, the specific amounts of the transaction have not yet been made public.
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