BNP Paribas merger with BGŻ to be completed in 2016

The legal merger between Bank Gospodarki Żywnościowej (BGŻ) and BNP Paribas will take place in the first half of 2015 and the operational merger in 2016,Jean-Paul Sabet, deputy director of BNP Paribas International Retail Banking, was quoted as saying by the Polish Press Agency. “The legal merger will be followed by adopting a common brand,” Sabet said at a press conference. The legal name of the merged bank will be  Bank BGŻ BNP Paribas. “We would like to increase our market share. We will invest into areas that are our strong points,” the director added. “We want to enforce out leading position in the food and agricultural sector, we will also aim for a leading position in the consumer credit market.”