Wirecard Bank AG waived its banking license pursuant to Section 32 of the German Banking Act (Kreditwesengesetz – KWG) by end of 9 December 2021 (12 am midnight CET) and, in accordance with the legal provisions, has changed its company name to:
WDB Abwicklungs AG
WDB Abwicklungs AG no longer enters into banking transactions and winds up its existing business.
The object of the company is the termination of business positions of the company from business activities subject to licensing under the German Banking Act as well as from business activities not subject to licensing. In addition, the object of the company includes the holding and management of its own assets in each case.
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