PKO BP merges subsidiaries

Poland’s largest lender PKO BP has merged its financial service subsidiaries PKO BP Finat and Inteligo Financial Services, the bank said in a statement on Monday. The move was part of PKO BP’s structure optimization. In the course of the merger, PKO BP Finat took over all rights and duties of Inteligo Financial Services. The consolidation will involve raising the company’s equity to PLN 107.3 million, with PKO BP remaining the only shareholder.