Banco Santander (STD) agrees to buy Poland's Kredyt Bank from Belgium's KBC Groep (KBCSF.PK) in...

|About: KBC Group SA (KBCSF)|By:, SA News Editor

Banco Santander (STD) agrees to buy Poland's Kredyt Bank from Belgium's KBC Groep (KBCSF.PK) in a move that will allow Santander to deepen its presence in one of Europe's fastest-growing economies as profits slump in Spain. Santander will then merge Kredyt with it own Polish division, creating a bank valued at around €5B ($6.7B).