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Getin Noble Bank approves plan for upcoming merger with its subsidiary

Getin Noble Bank SA approved a plan for a merger with its fully owned unit BPI Bank Polskich Inwestycji SA.

As part of the upcoming merger, Getin Noble will take over all the assets of BPI, and the operations of the latter will be terminated without liquidation proceedings.

The upcoming merger is part of Getin Noble Bank's "capital protection plan," which has been prepared by the lender to help it meet regulatory capital requirements.