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Poland Approves Merger Of Banco SantanderSA's Bank Zachodni WBK SA and Kredyt Bank SA-Reuters


Tuesday, 4 Dec 2012 05:18am EST 

Reuters reported that Poland's financial supervisor KNF approved the merger of the Polish subsidiaries of Banco Santander SA, Bank Zachodni WBK SA and Kredyt Bank SA. The regulator added that Banco Santander SA committed to increasing the free-float of the merged bank to at least 25% by April 1, 2013, and at least 30% by the end of 2014. 

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