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The Warsaw Voice » Business » April 12, 2018
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Banks merger of the decade
April 12, 2018   
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Bank BGZ BNP Paribas may achieve higher profitability and cost reductions thanks to acquisition of peer Raiffeisen Polbank, with the transaction seen boosting its results by "several dozen percent," according to brokerage DM Millennium analyst Marcin Materna.
The PLN 3.25 billion price tag seems slightly above fair value but it may be justified by the cost reduction potential of the deal, he believes. BGZ BNP Paribas will face a considerable challenge after the completion of the purchase of Raiffeisen's Polish assets as it will have to integrate its business built of banks acquired over the recent years, an anonymous banker tells the daily Puls Biznesu.
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