Locked content EBRD reduces stake in BZ WBK

The European Bank for Reconstruction and Development has sold 467,725 shares, standing for a 0.47-percent stake, in Poland’s third largest lender BZ WBK in an accelerated book-building process, the EBRD said in a press release on Thursday. As a result, the EBRD has reduced its holding in BZ WBK by 5...

Locked content Banco Santander shares to be floated on December 3

The management board of the Warsaw Stock Exchange has decided to enter 12,584,414,659 shares of Banco Santander into circulation on December 3, 2014. The nominal value of the shares is €0.50 each, the lender said in a statement. Banco Santander is the major stakeholder in Bank Zachodni WBK. The WSE ...

Locked content BZ WBK’s profit higher than expected

Poland’s third-largest lender BZ WBK recorded a consolidated net profit of PLN 515.9 million in the third quarter of 2014 compared to PLN 537.4 million a year earlier, the bank said in its financial statement. Analysts polled by the Polish Press Agency had expected the profit to be PLN 497.4 millon....

Locked content Santander completes sale of 2% stake in BZ WBK

Spanish Banco Santander cut down its holding in Polish unit BZ WBK from 71.41 percent to 69.41 percent as a result of the completion of an accelerated book-building process, the Polish lender said. Banco Santander sold the 2-percent stake in connection with an obligation imposed by the Polish Financ...

Consumer protection uncovers unfair fees

According to the Office of Competition and Consumer Protection (UOKiK), Santander’s Bank Zachodni WBK has been charging unfair fees for payment reminder letters. The investigation included mail and telephone reminders, as well as other debt collection services. The bank has agreed to stop such...

Locked content Santander selling 2% in BZ WBK

Spanish lender Banco Santander has launched accelerated book-building for the sale of 2 percent in its Polish unit BZ WBK, the bank said on Wednesday. Santander is selling  1,984,691 shares in BZ WBK. It now holds 70,865,465 shares, or a 71.41-percent stake, in the Polish bank. Deutsche Bank AG,  Do...

Locked content BZ WBK card transactions to be cleared by local entity

Poland’s third-largest lender BZ WBK has signed a letter of intent with domestic clearing house Krajowa Izba Rozliczeniowa (KIR) on card transactions clearance, the bank said in a statement on Monday. The service will be offered as part of KIR’s newly introduced payment card clearance system. “Just ...

Locked content Watchdog cautious about BZ WBK re-branding

The Polish Financial Supervision Authority has issued a statement asking lender BZ WBK for explanation regarding its planned re-branding as Santander, the Polish Press Agency (PAP) reports. The bank’s majority shareholder, Spanish lender Santander, was obliged to consult any changes in the name of b...

Locked content BZ WBK to rebrand as Santander

BZ WBK is to rebrand itself as Santander in line with the name of its main investor from Spain. “Santander’s brand recognition is constantly growing in Poland. … in other markets it is known as Santander,” said BZ WBK president Mateusz Morawiecki in a release published by PAP...

Locked content BZ WBK profit higher than expected

Poland’s third-largest lender BZ WBK recorded a consolidated net profit of PLN 504.1 million in the second quarter of 2014 compared to PLN 419.5 million a year earlier, the bank said in a release on Thursday. Analysts surveyed by the Polish Press Agency had expected the profit to come in at PLN 487....