Poland's Pekao to pay $59 mln for SK Bank's bankruptcy fund

November 25, 2015 6:56 AM

37 0

WARSAW Nov 25 Bank Pekao SA, Poland's No.2 lender, will have to pay about 234 million zlotys ($58.6 million) into a state bank guarantee fund to cover the bankruptcy of small lender SK Bank, the bank said late on Tuesday.

The UniCredit's Polish unit said the fee will have an impact on its results in the fourth quarter of this year.

Also read: Mike Flynn’s Family Launches Legal-Defense Fund

Read more

To category page