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Poland: BZ WBK to Take Over Santander Consumer Bank

Published: April 9, 2014; 13:13 · (Vindobona)

Bank BZ WBK was given the go-ahead by the Financial Market Regulator KNF to acquire a 60 percent stake in retail bank Santander Consumer Bank (SCB) from their joint parent bank Banco Santander.

Bank BZ WBK will take over SCB from parent company Banco Santander. / Picture: © Vindobona.org

In November last year, BZ WBK signed an investment agreement with Banco Santander with regard to the acquisition of 60 percent of shares of SCB at PLN 2.16bn, as announced by BZ WBK at the time.

This article includes a total of 37 words.

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