Alior Bank may take over BPH Bank within days

Polish daily Rzeczpospolita said on Tuesday that Poland’s mid-tier lender Alior Bank, a unit of state-owned insurer PZU, may acquire rival Bank BPH from General Electric at the end of this week or next week. According to the newspaper, Alior will take over BPH’s assets excluding the franc-denominated mortgage loans portfolio. Last week, Reuters reported, quoting anonymous sources,…

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