trending Market Intelligence /marketintelligence/en/news-insights/trending/x-6Yb3Rpg6GB2SR64oTRdQ2 content
Log in to other products

Login to Market Intelligence Platform


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

In This List

Report: Major Pekao shareholder backs potential purchase of mBank

Part Two IFRS 9 Blog Series: The Need to Upgrade Analytical Tools

Street Talk Episode 56 - Latest bank MOE shows even the strong need scale to thrive

South State CenterState MOE Shows Even The Strong Need Scale To Thrive

Talking Bank Stocks, Playing The M&A Trade With Longtime Investor

Report: Major Pekao shareholder backs potential purchase of mBank

Bank Pekao SA's second-largest shareholder supports the potential acquisition of Commerzbank AG's Polish unit mBank SA, Reuters reported.

Polski Fundusz Rozwoju S.A has a 12.8% stake in the lender and would back a deal for mBank due to the technological and operational synergies that could stem from a merger.

PFR head Paweł Borys said a deal for mBank could generate greater benefits than Pekao's previously considered integration with fellow Polish lender Alior Bank SA, which was dropped in August 2018.

The official said, however, that the decision on whether to buy mBank will be in the hands of Pekao and its largest shareholder, Powszechny Zakład Ubezpieczeń Spółka Akcyjna. Pekao earlier confirmed its interest in the acquisition of mBank.

Borys also said Pekao's shares, listed on the Warsaw Stock Exchange, were significantly undervalued at a price of 96.8 zlotys apiece.

As of Dec. 5, U$1 was equivalent to 3.85 Polish zlotys.