Poland’s antitrust regulator gave the green light to Alior Bank to take over BPH. Alior is part of the financial arm of the WSE-listed insurer PZU, which is biggest state-run business in Poland. The new owner insists BPH will continue to offer mortgage loans and will maintain its activities as a fund investment manager. The transaction is intended to expand Alior’s position on the Polish market. With combined assets of PLN 60bn, the new lender will be the country’s 9th largest bank.
