Bunq sees record customer deposits

Dutch challenger bank bunq saw its customer deposits increase by nearly 50 per cent in the first six months of the year.

Deposits in bunq’s accounts topped €633m, up by €200m from the start of the year.

As a result of the jump in customer funds, bunq is now looking to open an office in Rotterdam in the near future, a step in the opposite direction to most other companies which are shutting-up shop left, right and centre.