Bank Pekao to take over SKOK Kopernik

Poland’s second biggest lender Bank Pekao was authorized by the Financial Supervision Authority (KNF) to take over credit union SKOK Kopernik, the watchdog said in a statement on Friday. Bank Pekao will assume responsibility for SKOK Kopernik as of December 8, the KNF said. The takeover will be completed on December 22. The credit union’s assets stand for 0.2 percent of the assets of Bank Pekao.