Polish regulator OKs Santander unit rebranding
"WARSAW (Reuters) - Polish regulator KNF said on Friday it had accepted Bank Zachodni WBK's (BZW.WA) plan to rebrand to Santander Bank Polska, despite previous criticism of the move.", "In 2014, Santander (SAN.MC) unit BZ WBK's Chief Executive Mateusz Morawiecki, now Poland's Prime Minister, was forced to abandon rebranding after criticism from KNF. Since then, KNF management has been replaced.", '"The rebranding case was accepted by KNF taking into account Santander\'s investor obligations and in line with the law," a KNF spokesman said in an emailed comment to Reuters on Friday, without giving further details.', 'Next week, BZ WBK presents its first quarter results and is expected to address questions regarding the plan. Some analysts estimate the cost of rebranding at around 50 million zloty (10.70 million pounds). What to read next.'
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