Santander Close to Become a Leading Player in Poland

Published: October 11, 2011; 12:17 · (Vindobona)

According to the Polish daily Rzeczpospolita, Santander, the Euro zone’s top lender, made a binding offer for Polish Kredyt Bank.

Santander Close to Become a Leading Player in Poland / Picture: © Vindobona.org

News that Belgian KBC is talking directly only to the Spanish group has already emerged some time ago.

The Belgian bank controls 80% of Kredyt Bank. The current market value of the Polish bank is estimated to amount € 0,84bln (3,6bln PLN).

Since Santander is already the owner of another Polish Bank BZ WBK, through buying Kredyt Bank, it will strengthen his corporate…

This article includes a total of 149 words.

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