The restructuring events database contains factsheets with data on large-scale restructuring events reported in the principal national media and company websites in each EU Member State. This database was created in 2002.
Financial Services Financial And Insurance Activities Financial Service Activities, Except Insurance And Pension Funding 64.19 - Other Monetary Intermediation
220 jobs Number of planned job losses
Announcement Date
26 January 2024
Employment effect (start)
26 January 2024
Foreseen end date
Description
The digital bank Express Bank, owned 100 per cent by BNP Paribas, has informed around 220 employees that the company will close. The bank is mainly offering loans to private customers. The bank is expecting a loss of 300-400 million danish kroner in 2023 and BNP Paribas has decided to close the bank completely.
The company is starting negotiations with relevant trade unions about the process of closure and dismissals of employees.
The company is closing all its activities in Denmark, Norway and Sweden.
Eurofound (2024), Express Bank, Closure in Denmark, factsheet number 200742, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/200742.
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