Printer Friendly

PKO denies Pekao merger plans.

Global Banking News-December 8, 2017--PKO denies Pekao merger plans

(C)2017 ENPublishing - http://www.enpublishing.co.uk

Global Banking News - 08 December 2017

PKO BP, considered to be Poland's biggest bank, has denied news that it is planning a merge with rival bank, Pekao.

The firm said, 'It is not true that PKO BP has participated in talks regarding the possibility of merging PKO BP with Pekao. PKO BP is not working on any projects regarding the suggested merger ... a merger is not the aim for 2018.'

PKO BP and Pekao have 9.4 million and 5.4 million clients respectively and a merger could create an entity that has 34 percent of market share in the Polish loan and deposits market.

[Editorial queries for this story should be sent to gbn@enpublishing.co.uk]

((Distributed via M2 Communications - http://www.m2.com))

COPYRIGHT 2017 Normans Media Ltd.
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2017 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:Global Banking News (GBN)
Date:Dec 8, 2017
Words:143
Previous Article:Royal Bank of Scotland's CEO says deal with US over mis-selling could extend into next year.
Next Article:BitPay to raise capital.

Terms of use | Privacy policy | Copyright © 2019 Farlex, Inc. | Feedback | For webmasters