Bank Pekao unveils timetable for restructuring

Article Abstract:

Bank Pekao SA and UniCredito Italiano SpA have introduced a restructuring strategy for the Polish-based entity that will extend over a three-year period. Bank Pekao is the largest commercial bank in Poland. Both banks formed a partnership in June 1999. The restructuring plan will center on cost reduction, fast expansion of branch networks, and new products and distribution channels.

Italy, Organizational history, Management, Abstract, Unicredito Italiano S.p.A., Bank Pekao S.A.

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Deutsche Bank foes file protest in BBG battle

Article Abstract:

At a 20 hour shareholders' meeting Deutsche Bank gained a majority on the board of directors of BIG Bank Gdanski S.A. which made it the leader in the battle for control of the Polish bank. Eureko B.V. and Banco Commercial Portugues have filed a motion for an extraordinary shareholders' meeting to vote again on the composition of the board.

Acquisitions & mergers, Mergers, acquisitions and divestments, Deutsche Bank AG, DTBKY, BIG Bank Gdanski S.A., Eureko B.V., Banco Commercial Portugues S.A.

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Bank Zachodni, WBK to merge by mid-2001

Article Abstract:

Bank Zachodni SA and WBK SA are planning to merge by the middle of 2001. The move would form the fifth-largest bank in Poland in terms of assets.

Strategy & planning, Planning, Bank Zachodni, WBK SA

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