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Integration of a part of Deutsche Bank Polska with BZ WBK

Bank Zachodni WBK S.A. and Banco Santander S.A., have made an agreement with Deutsche Bank AG, the owner of Deutsche Bank Polska S.A. to transfer a part of Deutsche Bank Polska S.A. business to Bank Zachodni WBK The carved-out part of Deutsche Bank Polska includes: retail banking, including the private banking function, business banking including SMEs, its branches, agents, intermediaries, vendors and DB Securities S.A brokerage house. The transaction will not include the portfolio of foreign currency mortgage-backed credit products. Bank Zachodni WBK intention is the continuation of agreements with partner companies to keep the open architecture of investment products. The transaction is to be closed in Q4 2018 subject to all the required regulatory and corporate consents. The transfer of assets making up the carved out part of Deutsche Bank Polska to Bank Zachodni WBK will be made under the law after registering the demerger of Deutsche Bank Polska S.A. The implementation and finalization of the transaction will not require any additional customer activity on the part of the clients in this respect and transferred account numbers will be preserved.

Bank Zachodni WBK and Deutsche Bank Polska agree Demerger Plan and seek regulatory approval

23.02.2018

Today the Management Boards of Bank Zachodni WBK and Deutsche Bank Polska have agreed on the Demerger Plan. A request will be submitted to the Polish Financial Supervision Authority (KNF) for approval of Deutsche Bank Polska demerger.

The intention of the Management Board of Bank Zachodni WBK is to incorporate the demerged part of Deutsche Bank Polska while respecting the interests of employees and customers, and the principles of corporate governance. Until the transaction is closed, both banks will operate as separate entities. The process is planned to be complete in Q4 2018 provided that all regulatory and corporate approvals are obtained.

-The consolidation will benefit customers of both banks through an extended proposition, larger distribution network, and modern and effective sales models. The consolidation process is an opportunity to maximise the benefit of the international support of Santander Group. Bank Zachodni WBK’s stable position, experience and good cooperation between the parties ensure that the transaction will be a success, says Gerry Byrne, Bank Zachodni WBK Supervisory Board Chairman.

Bank Zachodni WBK is a strong and stable financial institution. In 2017, Bank Zachodni WBK Group posted a profit after tax of PLN 2.2bn. Total assets amount to PLN 153bn. Capital ratio stood at 16.69%, i.e. above the required level, ensuring security of operations and stable growth.

The Management Board of Bank Zachodni WBK is convinced that the transaction will benefit both the customers and shareholders. This is how we will strengthen our competence in serving affluent and private banking, for whom we want to develop our offer and also, enhance our business model in the segments of SMEs and freelance professionals. The integration of global standards of Santander Group with the vast experience of Deutsche Bank Polska will allow us to boost customer satisfaction of working with us by offering modern financial solutions, says Michał Gajewski, President of the Management Board of Bank Zachodni WBK..

Our intention is to continue the agreements with partners so that we can retain the open architecture for investment products.

After obtaining regulatory and corporate approvals, based on the experience and competence of both banks, Bank Zachodni WBK will develop and deliver the best solutions for the customers, provide an enhance product offering and further increase the service quality.

See Bank Zachodni WBK’s Report

 

Contact us for more details:

Artur Sikora
Spokesman Bank Zachodni WBK
tel.: (+48) 22 586 80 40;
e-mail: rzecznik.prasowy@bzwbk.pl

 

Archival messages

Bank Zachodni WBK strengthens its market positionDate of addition: 14.12.2017

 

Basic facts for Bank Zachodni WBK S.A. customers:

  • Bank Zachodni WBK and Banco Santander S.A. have signed an agreement with Deutsche Bank AG on the transfer of a part of Deutsche Bank Polska S.A. business to BZ WBK structures.
  • The integrated part of Deutsche Bank Polska’s business includes its retail banking function, including private banking, its business banking segment, including small and medium-sized enterprises, its branches, agents, relationships with intermediaries, vendors and brokerage house DB Securities S.A.
  • Brokerage house DB Securities S.A. will be incorporated into Bank Zachodni WBK Group structure
  • A portfolio of retail currencies loan products secured by mortgages, is not a subject to the transaction and will remain in the Deutsche Bank Polska
  • Bank Zachodni WBK intention is the continuation of agreements with partner companies to keep the open architecture of investment products.
  • The transaction, i.e. the incorporation of the part of DB Polska business into Bank Zachodni WBK structures, is planned in IV Q 2018 subject to all the required regulatory and corporate consents.
  • The integration of Deutsche Bank Polska’s business into Bank Zachodni WBK structures will not require customers to take any additional actions.
  • The numbers of transferred bank accounts or card terms & conditions, including PINs, remain unchanged.

 

Questions & Answers

What does the Demerger Plan mean?
What are the next steps in the process?
What does this decision mean for Deutsche Bank Polska’s customers?
What will customer service be like after integrating a part of Deutsche Bank Polska’s business with Bank Zachodni WBK?
What new benefits will occur for customers?
Is Bank Zachodni WBK going to cooperate with many investment fund companies? Will the offer be so diverse?
Are deposits safe?
Will customers be able to deal with all formal issues at any branch of the bank?
Where will Deutsche Bank Polska's customers be served?
I am a Bank Zachodni WBK customer. Can I already use services at Deutsche Bank Polska branches?
Will account numbers change?
Will all agreements with customers stay valid?
 
Bank Zachodni WBK S.A. seated in Wrocław at Rynek 9/11, 50-950 Wrocław, registered by the District Court for Wrocław-Fabryczna in Wrocław, 6th Business Division of the National Court Register, under KRS no. 0000008723, NIP: 896 000 56 73, share capital: PLN 993 334 810 paid up in full.