Having received the approval to merge with Bank BPH, Pekao is going to make things fast.
“We want to conclude the legal merger before the end of this year”, Federico Ghizzoni from Unicredit said.
The merger may be conducted in November. Before the merger, Bank BPH must split into the unit to be merged with Pekao, and the so-called mini-BPH which is supposed to be sold to GE Money.
“About 1,000 brands of Pekao will appear in banks and ATMs merged with Pekao as early as this year”, Jan Krzysztof Bielecki, Pekao CEO said.
Pekao is to acquire 285 standard retail outlets, 600 ATMs and 300 parnters of
Bank BPH as well as their retail and corporate clients.