mBank changes hands

What does this mean for its clients?

(Source: mBank via Facebook)

Internet mBank will change hands. Its majority owner, German Commerzbank, which controls about 70 percent of the stock, has decided to sell its share, the Reuters newswire reported.

The services of the Slovak branch of mBank are currently used by nearly 290,000 clients. It arrived on the market in late 2007 as a subsidiary of a Polish bank.

The Polish media is already speculating that the local financial houses, like PKO Bank Polski and Pekao, may be interested in purchasing the stock, the Sme daily reported.

No changes for now

Slovak clients have nothing to fear for now.

“Nothing will change for them in the first step,” Maroš Ovčarik of the Finančný Kompas website told Sme.

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