Merger Plan
Today, i.e. on 11 May 2012, the Management Board of BZ WBK and the Management Board of Kredyt Bank agreed and signed the plan of the merger of BZ WBK and Kredyt Bank which was made in compliance with Article. 499 §1 and § 2 of the CCC (the “Merger Plan”).
29 march 2012
Agreement with the European Bank for Reconstruction and Development
Bank Zachodni WBK S.A (BZ WBK) hereby informs that on 29 March 2012 it entered into an investment agreement with the European Bank for Reconstruction and Development (EBRD) which provides for the EBRD’s equity investment of PLN 332 million in BZ WBK to support the planned BZ WBK- Kredyt Bank merger (“the Merger”).
28 February 2012
Santander and KBC agree to merge Bank Zachodni WBK and Kredyt Bank in Poland
With nearly 900 branches and 3.5 million retail customers, the merged bank becomes Poland’s third bank by deposits, loans, branches and profit.
Following the proposed merger, Santander will hold approximately 76.5% of the merged bank and KBC around 16.4%. Other minority investors will hold around 7.1%.