Rabobank to sell Alex, says FD

Rabobank is to sell its internet-based stock broker Alex, the Financieele Dagblad claims on Friday. Sources have told the paper that Alex is no longer seen as a core activity and has limited growth potential within the bank.

Alex has some 100,000 clients who carry out around 2.5 million transactions a year. Rabobank bought Alex from Dexia in 2002.

Thank you for donating to DutchNews.nl.

We could not provide the Dutch News service, and keep it free of charge, without the generous support of our readers. Your donations allow us to report on issues you tell us matter, and provide you with a summary of the most important Dutch news each day.

Make a donation