Global Banking Directory (since 2007)
Press Release Distribution Service
Add Bank | Banking Forum
Advertise Your Business Here!
Search
  • BizzPay 6.0  European Corporate and Retail Payments Forum, 08-09 November, 2018
  • 2nd Annual International Payment Forum, November 22-23, 2018
  • Advertise With Us!
BanksDaily Twitter BanksDaily FaceBook BanksDaily LinkedIn

Press Release :: KBC Group

Logo KBC GroupHaving received all the necessary regulatory approvals, KBC Bank today finalised the sale of 100% of its shares of Zagiel, its consumer finance business in Poland to Santander Consumer Finanse S.A., the Polish consumer finance subsidiary of Santander Group for a total purchase price of PLN 10 million.

In the investment agreement signed on 27 February 2012 between KBC and Santander for the proposed merger of their respective Polish subsidiaries, Kredyt Bank and Bank Zachodni WBK, Santander had also committed to acquire 100% of Zagiel.

Żagiel S.A. is one of the most experienced financial intermediaries in Poland, distributing and actively marketing consumer finance products (point of sale instalment loans, cash loans and credit cards). It operates through its extensive distribution network which consists of points of sale including online shops, tied agent credit points and independent brokers.

The transaction has no impact on existing Zagiel customer positions.

Johan Thijs, CEO of KBC Group NV commented as follows on the deal: "With the closure of the divestment of Zagiel, we are turning another page in the execution of our updated strategic plan. It is with regret that we say goodbye to our Zagiel management and staff. I would like to thank them for their commitment and effort over the years and wish them all the best in their future careers."

Source: KBC Group
Date: 31.07.2012
Articles
 Financial technologies are need of the hour for Banks in India

The Indian FinTech space is expected to reach $2.4 billion by 2020 and 2018 will be a critical year in that journey because 52 % of India's digitally active consumers are adopting FinTech and are the driving force for new technology adoptions. 02.03.2018 | Source: Explore Exhibitions and Conference

 International Banking Exhibition and Conference will be held in Baku

"Digital Banking and Security" titled International Banking Exhibition & Conference will be held in Baku on 17-18 of April, 2018 by FA International Trade Events. 07.02.2018 | Source: FA International Trade Events

 Blockchain Life 2017

On the 26th of September, in the Saint-Petersburg (Russia), will be held the Blockchain Life 2017 - the largest conference about Bitcoin, the blockchain, cryptocurrency, and mining. 02.08.2017 | Source: Adwad Group

 6th Edition BFSI Innovation and Technology Summit 2017

Today Indian economy is considered as one of the fastest growing economies in the world and contributing to its high growth are many critical sectors, amongst which the BFSI sector is unarguably one of the most distinguished sectors of Indian economy. 21.07.2017 | Source: Exito Media Concepts

 Can Poland become a fintech leader in Europe?

FutureTech Congress ended its two-day event devoted to innovations in the fintech, insurtech and big data industries. 26.05.2017 | Source: FutureTech


2007-2018 © Banking Directory