KBC Buys Kredyt Bank’s Brokerage Business in Poland
KBC is reorganizing its Central European equities businesses to bring them under the umbrella of KBC Securities, KBC’s brokerage in Belgium. KBC Securities has now concluded a deal to acquire Kredyt Bank Investment Brokerage House from Kredyt Bank, KBC’s Polish banking subsidiary, giving KBC Securities its own brokerage business on the Polish market. This acquisition fits in with the existing strategic repositioning of Kredyt Bank, which has chosen to focus on its core banking activities in Poland, and further emphasizes KBC’s commitment to the Polish market. As the acquisition is taking place within the KBC Group, it will have no effect on the Group’s results.