By acquiring a large stake in Poland’s number one structured product provider, the Austrian financial service provider is expecting to increase its EPS by more than 20%.
Erste Group Bank will acquire a 49% stake in Banco Santander’s Santander Bank Polska for approximately €6.8 billion (US$7.6 billion) and a 50% stake in Santander Towarzystwo Funduszy Inwestycyjnych (Santander TFI) for approximately €0.2 billion. As the leading lender in Central and Eastern Europe we continue to broaden our presence in the region - Peter Bosek, CEO, Erste Group Santander Bank Polska is the third-largest bank in Poland by assets, with an eight percent market sh