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Poland: BNP Paribas Bank Polska Hopes for Higher Profits

Published: April 24, 2014; 11:56 · (Vindobona)

Because of the merger with BGZ Bank BNP Paribas Bank Polska, the Polish branch of the French financial giant, expects a growth of return on equity (ROE) in the double-digit figures.

The financial institute expects to achieve a double-digit ROE in three to four years after the merger. / Picture: © BNP Paribas

In December last year BNP Paribas took over a 98.5 percent stake of Bank BGZ, the Polish unit of Dutch Rabobank, in return for PLN 4.2bn. However, the Polish division of BNP Paribas is still waiting for approval by the Polish financial market regulator KNF.

According to the bank’s announcement made on Wednesday, the financial institute expects to achieve a double-digit ROE in…

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