Revolut Wants "Effectively Zero Risk" as a Bank. That Means Almost No Lending
Revolut plans to keep lending to a small fraction of its deposits, even after winning banking licenses in the UK and France this year. Chief Executive Nik Storonsky set out the approach in an interview with the Financial Times published today (Monday). Its loan-to-deposit ratio stands at 6%, according to the newspaper, against roughly 100% at a typical bank. Storonsky said Revolut does not plan to
Revolut plans to keep lending to a small fraction of its deposits, even after winning banking licenses in the UK and France this year. Chief Executive Nik Storonsky set out the approach in an interview with the Financial Times published today (Monday). Its loan-to-deposit ratio stands at 6%, according to the newspaper, against roughly 100% at a typical bank. Storonsky said Revolut does not plan to
Source: Finance Magnates