February 9, 2018 / 10:43 AM / 10 months ago

Ford of Europe applies for German banking licence amid Brexit uncertainty

FRANKFURT, Feb 9 (Reuters) - Ford of Europe said it has applied for a German banking licence in case the carmaker's British bank is no longer allowed to offer services on a pan-European basis after Britain leaves the European Union.

"The reason that Ford Credit Europe has submitted an application for a German banking licence is to ensure it is able to provide ongoing support for Ford dealers and customers post-Brexit," a company spokesman said in a statement on Friday.

The licence application was first reported by the Frankfurter Allgemeine Zeitung newspaper on Thursday. (Reporting by Edward Taylor and Chris Steitz; editing by Jason Neely)

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