Goldman Sachs and WiZink declined to comment, while UBS did not immediately respond to a request for comment. Reuters reported in July that Varde Partners was studying options for WiZink, including an IPO in 2019. The listing is expected after a difficult few months for the IPO market in Europe, with a series of underperforming or failed transactions. In October Abu Dhabi sovereign wealth fund Mubadala pulled the flotation of Spanish energy company Cepsa blaming market conditions.
Varde, a $14 billion global alternative investment firm, bought a remaining 49 percent in WiZink from Banco Santander earlier this year, becoming its only shareholder. WiZink, in which Varde took a 51 percent stake in 2014, has sought to take advantage of Spain's consumer credit growth.
It has no branches and specializes in customer focused credit cards and savings products, designed to complement its customers' existing banking services with other providers. Spanish consumer lending has grown by 47 percent to 85 billion euros over three-and-a-half years to June 2018 as banks ramp up lending to households in the search for higher returns.