February 9, 2018 / 11:03 AM / 8 months ago

Ford of Europe applies for German banking license amid Brexit uncertainty

FRANKFURT (Reuters) - Ford of Europe said it has applied for a German banking license 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 logo of Ford is seen during the 87th International Motor Show at Palexpo in Geneva, Switzerland March 8, 2017. REUTERS/Arnd Wiegmann

“The reason that Ford Credit Europe has submitted an application for a German banking license 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 license 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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