According to Polish daily Rzeczpospolita, the Head of the Antimonopoly Office, Cezary Banasik, has stated that there is no threat for the Polish banking sector, as far as the merger of Bank BPH with Bank Pekao is concerned. Furthermore, he stated that the merger has already been approved by the EC, which means that the merger is already valid. Presenting yesterday, the implications of the merger for banking sector in Poland to Polish government, he stated that, according to the Polish Antimonopoly Office, their market share in the banking sector would not reach 26%, except in mutual funds, where the merged entity would reach 38% of market share (according to Polish law, the limit is 40%). According to Cezary Banasik, while examining the merger and its implications, only PKO BP and Bank Handlowy indicated that they saw a threat to competition, whereas other banks saw no threat. While we think that the latest news is supportive for Bank Pekao and Bank BPH, UniCredito must also obtain approval from banking supervision commission.