Spanish Santander, the largest bank in the euro zone, has made several improvements to its offer to buy a controlling stake in Polish Kredyt Bank from Belgian KBC, and is ready to come to an agreement of purchase, according to two anonymous sources quoted by Reuters.

KBC currently holds an 80 percent stake in the Polish lender, which has a market capitalization of zł.3.26 billion.

The sources state that the two banks have intensified their discussions and that a deal may be close – possibly within the next few days.

KBC and Santander both declined to comment for Reuters.

KBC received aid from the Belgian government and is now selling off its assets in Poland to pay it back. Nearly three weeks ago, the company sold Polish insurer Warta to Talanx, a German insurance company.

Santander on the other hand seems to have gone on something of a shopping spree since the finalization of its purchase of Polish Bank Zachodni WBK in January.

Poland A.M.