On 4 December the Financial
Supervision Authority (Komisja Nadzoru Finansowego – KNF) held its 170th
meeting. The meeting issued a number of
decisions, including the following:
1. Approval of
the legal merger of Raiffeisen Bank Polska S.A. and Polbank EFG S.A. The merger will be accomplished by
transferring all assets of Polbank EFG to Raiffeisen Bank Polska.
Polbank EFG at present is already 100% owned by Raiffeisen Bank Polska
S.A., a subsidiary of the Austrian bank Raiffeisen Bank International A.G. After the merger Raiffeisen Bank Polska intends
to do business using the brand name “Raiffeisen Polbank”. As part of the merger process the bank
expects to reduce its staffing by approximately 800 persons, arriving at a staffing
level of 6,000 persons in 2015.
2. Approval of
the legal merger of Bank Zachodni WBK S.A. (BZ WBK) and Kredyt Bank S.A.
Bank Zachodni WBK is owned 94.23% by the Spanish bank Banco Santander
S.A., while Kredyt Bank is owned 80.00% by KBC Bank N.V., a member of Belgium Santander Poland Santander
3. Approval of
the legal merger of the cooperative banks “Bank Spółdzielczy w Wolinie” (acquiring
bank) and “Bank Spółdzielczy w Międzyzdrojach” (acquired bank).
The proposed merger was approved by the boards of directors of the
acquired bank and the acquiring bank on 20 and 21 November, respectively, and is
set to enter into effect on 31 December.
4. Approval,
with conditions, of the opening of a branch in Poland
Sources:
KNF meeting minutes: Komunikat
ze 170. posiedzenia Komisji Nadzoru Finansowego w dniu 4 grudnia 2012 r.
(2012-12-04)
800
osób straci pracę po fuzji Raiffeisen Banku z Polbankiem (2012-12-05 12:54)
Santander
dostał zgodę na fuzję BZ WBK i Kredyt Banku (2012-12-05 07:20)
Mark Pleas
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