Pekao and BRE Bank dismiss merger rumors

"The rumors have been treated as sensational gossip. This is not the first, and I am sure it will not be the last time, when various sources will speculate on potential mergers in the banking sector," said BRE Bank's spokesman Paweł Wróbel. Bank Pekao's spokesman Robert Moreń argued, "We want to be an active player on the market and we do not exclude future acquisitions. However, the reports of our our bank's plans towards BRE Bank are based on pure speculation". Analysts argue that stories on a series of consolidation in the banking sector have been gaining strength since the beginning of the year. (www.biznes.onet.pl) A.Z.