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Exclusive: Polish bank Pekao likely to propose merger with Alior - sources

Reuters  |  WARSAW 

By Marcin Goclowski and Pawel SobczakWARSAW (Reuters) - Poland's second largest lender Bank Pekao is likely to pursue a merger with smaller rival Alior Bank but will delay publishing a recommendation on the tie-up until after June, two sources familiar with the matter said.One source told Reuters the head of Poland's ruling party, Jaroslaw Kaczynski, had "accepted the merger, but the publication of the recommendation will be slightly delayed, because not all papers are ready."The merger would reinforce a consolidation trend in Poland's banking sector, which has accelerated in recent years as ...

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First Published: Thu, June 28 2018. 16:57 IST