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Erste Group Expands into Poland: Takeover of Santander Bank Polska worth Billions
The Austrian Erste Group Bank AG has announced a step towards expansion in Central and Eastern Europe. The bank is acquiring a 49 percent stake in Santander Bank Polska for around EUR 6.8 billion and a 50 percent stake in asset manager Santander TFI for a further EUR 200 million. This transaction made Erste Group the third-largest bank in Poland and expanded its customer base in the region to around 23 million people.

Santander Bank Polska, previously a subsidiary of the Spanish Banco Santander, is the third-largest bank in the country with around 7.5 million customers. It achieved record profits in 2024 and its shares rose to an all-time high at times. Erste Group is entering a market that not only has strong economic fundamentals but also long-term growth prospects. Poland has been regarded as the…
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