BAWAG to acquire Knab from ASR Nederland for €510m.

BAWAG, a financial services provider, agreed to acquire Knab, an online bank, from ASR Nederland, a major Dutch insurance group, for €510m. “We are excited about the acquisition of Knab and the many opportunities this presents for the Group. This is a great strategic fit in terms of customers, product offering, market presence and team members. We’re excited to build on the strong Knab brand and look forward to further growing the franchise and expanding on the current offering of current accounts, mortgages, and savings products across a large and diverse customer base. I am excited to welcome the whole team and look forward to the many opportunities ahead,“ Anas Abuzaakouk, BAWAG CEO.