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2 German regional lenders to merge


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2 German regional lenders to merge

Members of Spar- und Darlehnskasse Aegidienberg eG approved theproposed merger with VolksbankBonn Rhein-Sieg eG.

The latter's representatives still have to approve plansfor the merger, which is expected to be completed Dec. 31.

Volksbank Bonn Rhein-Sieg had total assets of €2.23billion at year-end 2014, while Spar- und Darlehnskasse Aegidienberg's stood at€73.5 million, according to data from S&P Global Market Intelligence.