AIB completes Zachodni deal

AIB has completed the acquisition of 80 per cent of Bank Zachodni in Poland, it announced yesterday

AIB has completed the acquisition of 80 per cent of Bank Zachodni in Poland, it announced yesterday. The aggregate purchase price amounts to 2.3 billion zloty (€528 million).

The acquisition makes AIB's Polish interests - comprised of Zachodni and its existing subsidiary WBK - the sixth largest banking group in Poland.