Warsaw (Puls Biznesu) – Preparations have been started for the merger of Pekao and Bank BPH.
Nearly 50 managers from Pekao and Bank BPH met for the first time on Tuesday to discuss the merger of the two banks. According to the agreement with the Polish government, Unicredit, the owner of the two institutions, will separate 200 outlets of Bank BPH. They are to be sold to a new investor. The remaining outlets will be merged with Pekao into the biggest and strongest bank in the region.
Jozef Wancer, Bank BPH CEO has held meetings with investors in New York and London.
“90 percent of their questions concerned the merger: how the policy of Bank BPH will be changed, how the banking law will be changed, the smaller BPH and its subsidies and corporate clients. Investors were no worried, however”, Jozef Wancer assured.