Poland transfers 2 pct stake in lender PKO BP to state-run bank

August 26, 2015 6:04 PM

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WARSAW Aug 26 Poland has transferred a 1.96 percent stake in the country's No.1 lender, state-controlled PKO BP, to state development bank BGK to boost its flagship investment programme, the Polish treasury ministry said on Wednesday.

Poland will continue to control PKO BP after the transfer of the shares, the ministry said in a statement. Prior to the transfer, Poland had a 31.39 percent stake in the lender.

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