Avida Finans completed the acquisition of the credit card and sales financing business of Santander Consumer Bank.

Avida Finans, a specialist in consumer and SME financing, completed the acquisition of the credit card and sales financing business of Santander Consumer Bank, a banking services company. Financial terms were not disclosed. "For us at Avida, this is a historic milestone. With this acquisition, we will expand our customer offering to include credit card and sales financing services. It will serve as an excellent platform for future growth. As part of the acquisition, we are also adding many competent new colleagues who bring valuable knowledge and experience," Tine Wollebekk, Avida CEO.