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

Ford of Europe applies for German banking license amid Brexit uncertainty

The logo of Ford is seen during the 87th International Motor Show at Palexpo in Geneva, Switzerland March 8, 2017. REUTERS/Arnd Wiegmann

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 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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