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ING Bank Slaski reported a net profit of 1.01 billion zlotys for Q1, aligning with market expectations. The bank operates in retail and corporate banking, offering a range of financial services including accounts, loans, insurance, and fund management. ING Bank NV holds a 75% stake in the bank.
Raiffeisen shares rose by 2.67% to €24.60 following Lower Austria-Vienna's acquisition of a stake in UNIQA's healthcare subsidiary, Mavie Next. UNIQA CEO Andreas Brandstetter announced Mavie Next's projected sales growth from €35 million in 2024 to €75-100 million, focusing on 24-hour caregiving, health programs, self-tests, and telemedicine. The deal does not include UNIQA's private clinics, and Raiffeisen banks remain key partners for UNIQA's insurance products.
Raiffeisen NÖ-Wien has acquired a stake in Uniqa's healthcare subsidiary, Mavie Next, which focuses on 24-hour caregiving, corporate health programs, self-tests, and telemedicine through its acquisition of Telemedi. This move aims to enhance the value chain in health insurance, aligning with the bank's strategy to offer services beyond traditional banking. Notably, UNIQA's private clinics are not included in this deal, and Raiffeisen banks continue to partner with UNIQA for insurance sales.
Santander has agreed to sell a 49% stake in Santander Bank Polska to Erste Group for approximately €6.8 billion, alongside a 50% stake in its Polish asset management business for €200 million, totaling €8.9 billion. The bank plans to utilize up to €3.2 billion from the proceeds for share buybacks and reinvest in growth and strategic acquisitions, while also establishing a global partnership with Erste in corporate and investment banking and payments. This move is expected to enhance earnings per share and profitability by 2027-2028.
Banco Santander SA is intensifying its focus on the Americas by selling its Polish unit, a strategic move in response to the shifting global market dynamics following Donald Trump's tariffs. This decision highlights the bank's commitment to expanding its presence in the American market.
Erste Group is acquiring a 49% controlling stake in Santander Bank Polska and a 50% stake in Santander Towarzystwo Funduszy Inwestycyjnych for €7 billion. This move aims to enhance Erste's presence in Central and Eastern Europe, with expected earnings per share growth of 20% and a 36% increase in its customer base. The transaction is pending regulatory approvals and is anticipated to close in late 2025.
Banco Santander is selling a 49% stake in its Polish banking unit, Santander Polska, to Erste Group for €6.8bn, alongside a 50% share in its asset management business for an additional €0.2bn, totaling €7bn. The deal, expected to close by the end of 2025, will allow Santander to retain 13% of the Polish unit and aims to enhance strategic cooperation in Corporate & Investment Banking and payment services. Santander plans to return €3.2bn to shareholders through buybacks, contributing to a broader goal of up to €10bn in the coming years.
Dentons has advised BNP Paribas Bank Polska, mBank, and Santander Bank Polska on a PLN 760 million loan for the NOHO ONE luxury residential complex in Warsaw. This development features 280 upscale apartments, including penthouses, and aims to set a new standard for premium living in the city center. The project was overseen by partner Tomasz Zwoliński, with key contributions from senior associate Aleksandra Czyż and associate Krzysztof Chlebowski.
Banco Santander (Brasil) SA reported a record profit of $3.4 billion for Q1 2025, a 19% increase from the previous year, supported by strong customer activity and a robust CT1 capital ratio of 12.9%. However, loan loss provisions rose by 7% due to a challenging macro environment, and expenses grew by 6%, highlighting the need for ongoing cost management. The bank is exploring a potential sale of a 49% stake in Santander Polska and aims to complete 80% of its digital transformation by year-end.
Banco Santander (Brasil) SA reported a record profit of $3.4 billion for Q1 2025, a 19% increase from the previous year, alongside a strong CT1 capital ratio of 12.9%. Despite challenges such as increased loan loss provisions and rising expenses, the bank plans to distribute up to $10 billion to shareholders through buybacks. The company is also exploring a potential sale of a 49% stake in Santander Polska while focusing on organic growth and digital transformation.
POL
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ING Bank Slaski reports Q1 net profit of 1.01 billion zlotys
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