ding to UniCredit, GE
Money bank is in exclusive negotiations with the bank regarding sell of the bank BP
H-200 assets. No further details have been revealed. Merger and spin-off plan have been successfully accepted by the both banks shareholders during the Friday EGM.
Our view: The GE
Money bank is present on the Polish market from the mid-nineties with the typically retail offer. GE
Money bank is 13 bank in Poland (in terms of assets) with total assets of PLN 11.5bn and 70 branches. The finalization of the bank Pekao
H-280 merger was depended on the successful sell of bank BP
H-200 assets. We find the news as positive for the both banks however we don’t expect the news to have significant trading impact on the stock price today.