PMR Online access    |   tel. +48 12 340 51 00    |   E-mail:


Brussels approves Santander’s Kredyt Bank takeover


The European Commission on 18 July announced that it has decided not to oppose the acquisition of Kredyt Bank by Spain’s Banco Santander, and its subsequent merger with Bank Zachodni WBK, having concluded that the deal is compatible with the internal market and with the European Economic Area Agreement.

The transaction, first announced on 28 February, creates the third largest bank in Poland by deposits, loans, branches and profit. The combined entity will have nearly 900 branches, i.e. 12.9% of the country’s total; more than 3.5 million retail customers; and a market share of 9.6% in deposits and 8% in loans. Santander will own 76.5% of the merged bank and KBC of Belgium, the current owner of Kredyt Bank, 16.4%. It is expected to be finalised in the second half of 2012.

Browse and search in our archive »

subscribe to PMR RSS NEWS channelsSubscribe to PMR RSS NEWS channels »

Free monthly e-letter containing latest news, analyses and business information on economic situation in Poland, Russia, Bulgaria, Czech Republic, Hungary, Romania, Slovakia, Ukraine, Kazakhstan.
Relevant news

Useful links         Privacy Policy
Copyright © 2018 PMR. All rights reserved.

PMR is a British-American company providing market information, advice and services to international businesses interested in Central and Eastern Europe as well as other emerging markets. PMR key areas of operation include business publications (through PMR Publications), consultancy (through PMR Consulting) and market research (through PMR Research). With over fourteen years of experience, high international standards in projects and publications, highly skilled multilingual staff and a wide network of co-operating research companies and market experts, PMR is one of the largest companies of its type in the region.