January 17, 2019 / 4:59 PM / in 5 months

Getin Noble Bank and Idea Bank agree terms of merger

Jan 17 (Reuters) - Polish lenders Getin Noble Bank and Idea Bank have agreed a merger in an all-share deal in which they will exchange 0.185 of Idea shares for each Getin share.

The companies aim to achieve cost savings through consolidation of headquarters, optimisation of overlapping branches and integration of IT systems. (Reporting by Katarzyna Zajaczkowska Editing by David Goodman)

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