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Legal Merger of Raiffeisen Bank Polska and Polbank EFG Approved

Published: December 5, 2012; 12:52 · (Vindobona)

Approval is starting point for unification of market approach and operational merger process. Cost synergies to be achieved by optimization of the branch network and the staff number, among other measures.

Legal Merger of Raiffeisen Bank Polska and Polbank EFG Approved / Picture: © Raiffeisen Bank International

Yesterday, the Polish Financial Supervision Authority KNF approved the application of Raiffeisen Bank Polska to merge with its full subsidiary Polbank EFG. The legal merger of the two banks is scheduled for the turn of the year. The regulator's decision allows further steps towards the full integration of both institutions under the new brand "Raiffeisen Polbank". The operational merger…

This article includes a total of 521 words.

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