The merged bank will operate under the brand "Raiffeisen Polbank" combining the excellent international standing of Raiffeisen as a financial brand with the high recognition of Polbank in the local market. RBPL with Kazimierz Stanczak, currently President of the Management Board of Polbank, as First Vice President. The acquisition more info combine the pure retail footprint of Polbank with the strong position of RBPL in the Polbank i raiffeisen 2012 and SME segment.
Polbank comprises the banking network, which Polbank i raiffeisen 2012 Eurobank Ergasias S. Eurobank EFG operated in Poland. As a part of the transaction schedule, it was transformed into a separate Polbank i raiffeisen 2012 legal entity here a licensed Polish bank. The legal merger of RBPL and Polbank, scheduled to take place within one year after the closing, will conclude the transaction.
Eurobank EFG has already announced to RBI that it would execute its option immediately following the closing, making RBI the sole shareholder of the combined bank. This part of the transaction would still be subject to a renewed merger approval by the EU anti-trust authorities. Raiffeisen Bank International AG RBI regards both Austria, where it is a leading corporate and investment bank, and Central and Eastern Europe CEE as its home market.
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