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Polish regulator clears Getin Noble Bank's merger with subsidiary

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Polish regulator clears Getin Noble Bank's merger with subsidiary

The Polish Financial Supervision Authority approved the upcoming merger of Getin Noble Bank SA with wholly owned unit BPI Bank Polskich Inwestycji SA, Getin Noble said June 12.

Getin Noble will take over all the assets of BPI, and the operations of the latter will be terminated. The transaction is part of Getin Noble Bank's capital protection plan, which the lender has prepared to help it meet regulatory capital requirements.