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On Monday, the European Commission approved a Polish scheme "aimed at maintaining stability in the Polish financial sector by underwriting capital increases to eligible financial institutions."
The European Commission has cleared under the EU Merger Regulation the proposed creation of two new joint ventures in Poland (one for underwriting life assurance and one for underwriting general insurance) between the UK's Aviva insurance group and the Polish bank Bank Zachodni WBK S.A., controlled by the Allied Irish Banks group
