Bnp Paribas concluded the purchase of Bank Gospodarki Zywnosciowej (Bank Bgz), the Polish branch of the Dutch Rabobank for one billion euro. This was announced in a press release from the French group which explains how this acquisition will have minimal impact on the core Tier 1 ratio, while it should immediately improve the 2013 results, especially as regards pro forma earnings per share.
"The operation - according to the CEO of Bnp Paribas Jean-Laurent Bonnafé - will consolidate the group as a reference operator in the banking sector in Poland".
