Poland: Takeover of Nordea Bank Polska Granted

Business › n.a. ♦ Published: March 4, 2014; 16:28 ♦ (Vindobona)

PKO BP, leading bank in Poland, was given green light by the financial market regulator KNF to take over Nordea Bank Polska, as announced in a statement by KNF.

Poland: Takeover of Nordea Bank Polska Granted / Picture: © Vindobona.org

"When processing the motion, the KNF took into account, among others, PKO BP's development strategy and the support declared by the State Treasury, including investor responsibilities related to a cautious and stable functioning of the bank as well as the agreed elements of support for the process of takeover by the seller - Nordea Bank AB," the statement reads.

PKO will become…

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