Bloomberg News

Zachodni Says Merger With Kredyt Bank to Broaden Product Line

February 28, 2012

Banco Santander SA (SAN)’s agreement with KBC Groep NV (KBC) to buy KBC’s Polish unit Kredyt Bank (KRB) and merge it with Bank Zachodni WBK (BZW) will broaden the bank’s product line and increase effectiveness, Zachodni said in a regulatory statement.

Zachodni has 622 branches and employs 9,383 workers, the statement said.

To contact the editor responsible for this story: Katya Andrusz at kandrusz@bloomberg.net


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