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SAN share (Madrid) 5.624 | 0.0% | 18:01
14/12/2017

Banco Santander S.A. (“Santander”) and its Polish subsidiary, Bank Zachodni WBK (“BZ WBK”), today announced that they have agreed to acquire the retail and private banking businesses from Deutsche Bank Polska, S.A. (excluding its foreign currency mortgage portfolio and including the shares of DB Securities, S.A. (Poland)) for an estimated total consideration of €305 million. The acquisition will enhance BZ WBK’s position as the third largest financial institution in Poland, with 6.8 million customers and market share of more than 11.7% in loans and 11% in deposits. Furthermore, BZ WBK will become the leading private banking services provider in Poland.

Banco Santander has been named “Global Bank of the Year” by The Banker magazine in recognition of its “fantastic profit growth in Latin America and its Brazilian operations in particular, its innovative use of technology to provide customers with products better suited to their needs” and the acquisition of Banco Popular, which reinforces its leading position in Spain.

At its annual banking awards ceremony in London, The Banker also named Santander Bank of the Year in the Americas and in four of its nine main countries:  Spain, Brazil, Chile and Portugal.