The Block: BCB Group Swoops for Germany’s Sutor Bank

The Block covers BCB Group’s acquisition of Sutor Bank.

BCB Group is set to take over Hamberg-based Sutor Bank, in a move that will give the crypto payments provider banking capabilities.

The group did not disclose terms of the deal but said it would include a “significant capital injection” to take over 100% of the bank after BaFin — Germany’s financial regulator — has given its approval.

Sutor, which is a private bank, will become part of the international BCB Group, which already includes regulated companies in Switzerland and the United Kingdom.

Read the full article here.

Written by

Sam Shrager

Executive Director, Marketing and Communications at BCB Group, leading on the strategy and execution for all communications and responsible for global B2B marketing and PR. Working alongside senior stakeholders to position BCB Group as an industry-leader at the forefront of an increasingly competitive space, advancing the world of crypto and empowering everyone to have access to the digital economy. Financial Promoter's Payments Marketer of the Year 2024. BeInCrypto's Most Influential Women in Crypto 2024. Top 30 Most Influential Fintech Marketer 2023. Wirex Rising Women in Crypto Power List 2022, 2023 and 2024, CMO Alliance Contributor and Member, Revenue Marketing Alliance Content Ambassador and One to Watch 2024

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The Block: BCB Group Swoops for Germany’s Sutor Bank

Sam Shrager

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