ADVERTISEMENT

Banco Santander plans to acquire more businesses in Poland

Deals

Spanish lender Banco Santander’s Polish operation is gearing up to purchase more banking businesses in the country over the next two years, website Banking Business Review reported. The decision to further bolster its presence follows the acquisition of Bank Zachodni WBK for PLN 15.9 billion ($4.9 billion) and Belgium-based bank KBC Group in 2011 and 2012, respectively. “We want to grow and in the longer term become one of the top two banks in Poland,” Banco Santander chief executive Mateusz Morawiecki was quoted by the Wall Street Journal as saying. According to Morawiecki, it is expected that one or two transactions may be complete in the next 12-18 months.

ADVERTISEMENT

Digitization, sustainability among characteristics of future... Analysis

Digitization, sustainability among characteristics of future...

Lawmakers approve residency permit for digital nomads Parliament

Lawmakers approve residency permit for digital nomads

Transformation Delineation - Microsoft country general manag... Podcasts

Transformation Delineation - Microsoft country general manag...

Most districts not planning mandatory vaccination at kinderg... City

Most districts not planning mandatory vaccination at kinderg...

SUPPORT THE BUDAPEST BUSINESS JOURNAL

Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.