PZU to finish Alior-Pekao merger analysis soon

PZU hopes to end the analysis of the potential merger between Pekao and Alior Bank after the New Year, PZU CEO Paweł Surówka said. He added that the merger is not the only option considered. “We are analyzing, the work is on the side of the banks, we are calmly waiting for what will happen, we are exploring all options. People focused on the merger, but there are different ways of cooperation that can come into play,” Surówka said Back in October, Pekao and Alior Bank, both owned by PZU, announced that they would analyze the possibilities of cooperation. The banks signed a letter of intent regarding preliminary feasibility studies of their potential cooperation or merger of both entities. The CEO of Polish Development Fund PFR, which owns 12.8 percent of Alior, Paweł Borys said previously that he is cautious about the merger plans and he would prefer Pekao to maintain the current dividend policy and focus on investments in new technologies and increasing lending.