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BGŻ BNP Paribas shareholders clear merger with Sygma Bank

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BGŻ BNP Paribas shareholders clear merger with Sygma Bank

saidMarch 30 its shareholders approved its planned with Sygma Bank Polska SA, aswell as an integration plan for the two lenders.

As partof the merger, BGZ BNP Paribas will assume all rights and liabilities of SygmaBank, which will be resolved without going into liquidation. The integration ofthe two BNP Paribas SAunits is subject to regulatory approvals, the lender noted.

Puls Biznesu reported March 30 that theoperational merger of the two lenders is expected to be completed by the end of2016.