DZP has advised DNB Bank Polska S.A. on the conclusion of framework agreements for the sale to Santander Bank Polska S.A. of a portfolio of bonds issued by public sector entities and loans granted to these entities with a total value of over PLN 1.5 billion.

The conclusion of these agreements is related to the planned winding up by DNB Bank Polska of its operations in Poland in this segment of the banking sector. The sale process will involve the disposal of receivables included in the portfolio and the planned completion date is 30 September 2022. The conclusion of the framework agreements was preceded by a due diligence of the portfolio carried out by DZP.

The transaction was handled by experts from DZP's Capital Markets and Financial Institutions Practice and Infrastructure Finance and Debt Issue team: Martyna Komorniczak, Associate, and Tomasz Kalicki, Senior Associate, with the support of Anna Kuczewska, Senior Associate, Joanna Sępkowska, Associate, and Anna Sienkiewicz, Associate. The team was supervised by the Partners - Rafał Grochowski and Magdalena Skowrońska.