Santander Consumer Finance acquires Polish Financial Society

Additionally, Santander will pay Millenium Bank some zł.150 million for the credit portfolio of PTF, which consists chiefly of car and mortgage loans. The head of PTF Wojciech Dziewulski said his company is ready for the changes resulting from the takeover. SCF is expected to merge PTF with another of its dependent company's in Poland, CC Bank, previously known as Bank of America Polska. (Gazeta Wyborcza, p. 23; Parkiet, p. 3) M.K.