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Polish Regulator To Set Conditions For Santander's Polish Merger

02/28/2012 | 05:46am US/Eastern

Poland's financial regulator will set conditions for Spain's Banco Santander SA (STD) ahead of the approval of the planned merger of two Polish banks, the regulator said in a statement Tuesday.

Banco Santander Tuesday said it had agreed to take over Poland's Kredyt Bank SA (KRB.WA) from Belgium's KBC Group N.V. (>> KBC) and merge it with Bank Zachodni WBK SA (BZW.WA), which Santander already owns. The combined bank will be worth 20.8 billion zlotys (EUR5 billion).

-By Marcin Sobczyk, Dow Jones Newswires; +48 22 447 2432; marcin.sobczyk@dowjones.com

Stocks mentioned in the article : KBC, Banco Santander, S.A., Bank Zachodni, Kredyt Bank, UniCredit SpA
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