Locked content Santander rebranding to cost PLN 60-70 mln

According to the CEO of WSE-listed Santander Bank Polska, Michał Gajewski, its rebranding (from BZ WBK) will cost the lender PLN 60-70 million over the course of two years. The bank has completed its rebranding over last weekend and moved its registered HQ to Warsaw. ”Santander made the decision to ...

Locked content BZ WBK Q2 net profit at PLN 635 mln

BZ WBK reported consolidated Q2 net profit of PLN 635 million compared to 651.1 million a year ago. Net interest margin stood at 3.8 percent versus 3.8 percent a year ago and 3.98 percent in Q1. A quarter-on-quarter decrease in margin was due to higher costs of asset financing, the bank said. Operat...

Locked content BZ WBK under Santander brand starting September

WSE-listed lender Bank Zachodni WBK plans to operate under the new name Santander Bank Polska from September 2018, the company stated in a market filing. Banco Santander holds a 69.34 percent stake in BZ WBK. BZ WBK is the third largest bank in Poland in terms of assets held in 2017….

BZ WBK launches blockchain foreign transfers

Lender BZ WBK, whose main shareholder is Santander, has launched its quick international payment service based on the blockchain technology. The pilot implementation includes both individual and business clients transferring funds to the UK. The bank is planning on allowing blockchain-based quick tr...

Locked content BZ WBK prices PLN 1 bln subordinated bond issue

WSE-listed lender BZ WBK has priced its PLN 1 billion subordinated 10-year bonds at 160 bps over 6M WIBOR, the bank said in a market filing announcing closing the books on this issue. The bank has reserved the right to redeem the papers after 5 years from the issue date. The nominal value of oneR...

Locked content BZ WBK to set up mortgage bank

The management board of WSE-listed lender BZ WBK adopted a resolution on the intention to set up a mortgage bank in the group’s structure under the name BZ WBK Bank Hipoteczny, the company said in a market filing. “In connection with the creation of Bank Hipoteczny, the Bank will obtain a stab...

Locked content UOKiK approves Deutsche Bank Polska sale

The antitrust watchdog UOKiK approved the takeover of the Polish assets of Deutsche Bank by WSE-listed lender BZ WBK. Back in December BZ WBK has signed a deal to buy Deutsche Bank’s Polish assets for PLN 1.29 billion. The deal includes retail banking, private banking, business banking and DB Securi...

Locked content BZ WBK and Deutsche Bank Polska sign demerger plan

WSE-listed lenders BZ WBK and Deutsche Bank Polska agreed on the terms of the demerger plan and plan on finalizing the deal before end-2018, the banks said in a market filing. The banks will now file a motion with Financial Supervision Authority KNF to approve the demerger of Deutsche Bank Polska. M...

Locked content Deutsche Bank to sell 1.2 mln BZ WBK shares at PLN 380 apiece

Deutsche Bank sold 1.2 million shares (1.2 percent stake) in WSE-listed lender BZ WBK in an accelerated book building at PLN 380 apiece. The demand was over 2.5 times higher. “The shares were borrowed from Santander prior to the sale. After settling the placement to be held on February 20, the selle...