BGZ: Santander Aims to Expand into Poland

Businessn.a. ♦ Published: October 29, 2013; 13:20 ♦ (Vindobona)

In order to complete its local affiliate Bank Zachodni WBK, Spanish Santander intends to take over the Polish lender BGZ.

BGZ: Santander Aims to Expand into Poland / Picture: © Banco Santander

Santander wants to expand its network in Poland. The Spanish lender has officially announced its interest in acquiring Polish BGZ. In 2011, Santander led the last consolidation wave in Poland´s banking landscape. Two years ago, the Spanish bank acquired Bank Zachodni and Kredyt Bank. The sellers were Allied Irish and KBC. At the beginning of this year, Santander merged Bank Zachodni…