PKO BP bank gets approval to takeover Kopernik

Poland's largest lender PKO BP got the “go ahead” from the anti-monopoly and consumer rights watchdog UOKiK fot the takeover of the Kopernik savings & loan (SKOK). Kopernik held PLN 353.9 million in assets at end-June 2014, down from PLN 364 million at end-2013. It generated PLN 42.2 million revenues and PLN 10.9 million net profit in H1 2014. 2013 revenues amounted to PLN 96.4 million and net profit stood at PLN 913,000.