ING Bank Śląski to tak over troubled Bieszczadzka SKOK credit union

WSE-listed lender ING Bank Śląski will takeover the troubled credit union Bieszczadzka SKOK with financial involvement from the banking guarantee fund BFG, Financial Market Supervisor KNF announced. Bieszczadzka SKOK has PLN 44.4 million in deposits and negative equity of PLN 2.3 million, its assets represents a mere 0.04 percent of the Bank Śląski assets. In the meantime, KNF is looking for a lender to save another troubled credit union Lubuska SKOK.