Getin Noble Bank will soon take over the retail business of its competitor DnB Nord, including 40 branches throughout the country and loans worth a total of approximately zł.1 billion, reports Rzeczpospolita. Both banks have just signed a preliminary acquisition agreement. The retail arm of DnB Nord currently provides services for roughly 35,00 customers. Its portfolio mainly consists of homeowner associations, small and medium-sized businesses, as well as individual clients.

The transaction will include loans paid regularly as well as other bank products and clients' current accounts.

However, it will not include DnB Nord's mortgage portfolio. Assuming 100 percent of the assets and liabilities involved in the contract are transferred to Getin Noble Bank, the cost of the transaction will amount to roughly zł.5 million.

Poland A.M.