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JP Morgan confirms Germany expansion for Chase neobank

CEO Jamie Dimon revealed the move in an interview with Handelsblatt.

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Following its successful launch in the UK, JP Morgan’s digital bank Chase will launch in Germany and other European countries.

Speaking with the German-language business newspaper Handelsblatt, JP Morgan CEO Jamie Dimon confirmed the plans.

​​"It has always been clear to us that we want to introduce Chase not only in the UK, but also in Germany and other European countries," Dimon said. "We have ambitious plans."

In the UK Chase was the fastest-growing fintech app of 2022, racking up over 1.6 million customers less than two years since launching.

The bank has also won a host of awards and fans, including being named Best British Bank as part of the British Bank Awards 2023.

"In Germany, 'Chase' is not yet so well known, but worldwide it is a strong brand. We are also a trustworthy bank with a strong balance sheet - and private customers know that,” Dimon told Handelsblatt.

Dimon said the timing of any launch was undecided.

On LinkedIn Chase’s head of Europe, Kuba Fast, posted that the company is “building the European hub for Chase in Berlin” and listed over a dozen roles that JP Morgan is currently recruiting for in Germany.

JP Morgan already operates its European Union headquarters in Frankfurt and has been growing its advisory business in Germany over the past few years.

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