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 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 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...

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 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...