Santander has expanded its brand to its Polish affiliate rebranding the branch network of Bank Zachodni WBK, as well as its customer service and banking channels and its web page and ATMs. The Polish affiliate of Santander is the third bank in Poland, with a market share of approximately 12%. The executive chairman of Banco […]
Spanish bank Santander has reached a €305m deal to acquire a majority stake in the Polish business of Deutsche Bank. The acquisition – made through the Spanish bank’s Polish arm, Bank Zachodni WBK (BZ WBK) – includes some €4.4bn in assets, as well as Deutsche Bank’s Polska’s 113 branches and roughly 1,500 employees. However, it […]
The French government has announced it expects to issue its first green bonds before the end of January 2017 in order to start funding environmental projects. Ségolène Royal and Michel Sapin, respectively minister of Environment and minister of Finance, have unveiled details on the forthcoming issuance. Sapin said that the total valuation of further French green […]
By Marcus Svedberg, Chief Economist at East Capital No one can be surprised of the result in the Polish poll on Sunday – in which the opposition Law and Justice (PiS) party became the largest party and will be able to form a new government – but everyone should take note as the election send […]
Latvia has joined Poland in removing Bermuda from its list of tax jurisdictions that are ‘blacklisted’ for being uncooperative. A statement from the government of Bermuda noted that the jurisdiction was placed on the EU’s broader list of blacklisted tax jurisdictions on the basis of work by the European Commission, which aggregated blacklists from each […]
Bermuda has been removed from the Polish domestic list of countries of non-cooperative tax jurisdictions, in the field of corporate tax, according to a statement from the European jurisdiction. The decision means that the number of EU member states that blacklist Bermuda will fall by one to 10, and this change will be reflected on […]
Capital controls in place in Iceland since the financial crisis there some seven years ago, which saw the banking sector collapse, look set to be removed. This follows an announcement in May from the country’s central bank, and a visit from the International Monetary Fund on 20 May, during which it said the country was […]
Private equity firm,AnaCap Financial Partners LLP (AnaCap) has announced the acquisition of FM Bank PBP, retail and SME bank in Poland, subject to regulatory approval. Under the terms of the agreement, funds advised by AnaCap will acquire 100% of FM Bank for an undisclosed sum. The acquisition is set to become AnaCap’s fourth portfolio company […]
Poland needs further reforms to put outperforming economy firmly back on track for sustainable growth, the OECD warns.
Invesco Real Estate, the global real estate investment manager, has acquired two prime shopping centres – Galeria Kazimierz in Krakow, Poland and Queensgate Shopping Centre in Peterborough, UK, together representing a total investment of c.€425m and c.120,000 sqm of total space.
Denmark’s Danske Bank has reviewed the investment opportunities in Poland.
Nordic universal bank Nordea is divesting its Polish banking, financing and life insurance operations, which are being sold to PKO Bank Polski for €694m.