16:50 2 June 2025
PZU and Bank Pekao to merge and create new banking and insurance group
On June 2, 2025, PZU and Bank Pekao signed a memorandum to merge and form a powerful banking-insurance group. The transaction, subject to regulatory and shareholder approvals, could unlock up to PLN 20 billion in capital surplus. The combined entity would become one of Europe’s largest financial institutions, significantly enhancing its ability to fund Polish families, businesses, and key sectors like energy, defense, and tech.
Though both brands will retain independence, the bank will lead the new group. The reorganization, aligned with EU regulations (CRR and Solvency II), aims to streamline operations, boost transparency, and enable more efficient capital use. Finalization is expected by mid-2026, with enhanced dividend potential and investment capacity.
