Merger of Bank Zachodni and WBK Announced

Two of Poland’s major banks with factoring divisions, Bank Zachodni SA and WBK (Wielkopolski Bank Kredytowy SA) have today announced that they will merge to form a new bank. Both banks are majority owned by AIB (Allied Irish Banks).

BCP trumps Deutsche Bank struggle for BIG

After a year long struggle for control over Poland’s BIG Bank Gdanski, Banco Comercial Portugues (BCP) has succeeded in taking a majority of seats on the Polish bank’s advisory board.