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On October 15, local time, Yushin Bank issued a statement saying that the increase in its holdings of Commerzbank was approved by the European Central Bank, which means that the bank can increase its shareholding ratio to more than 30%, and may eventually hold 100% of Commerzbank's shares. Yushin Bank still needs approval from EU antitrust agencies, the Federal Reserve, and relevant Polish regulators. Commerzbank has a large subsidiary mBank in Poland.
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On October 15, local time, Yushin Bank issued a statement saying that the increase in its holdings of Commerzbank was approved by the European Central Bank, which means that the bank can increase its shareholding ratio to more than 30%, and may eventually hold 100% of Commerzbank's shares. Yushin Bank still needs approval from EU antitrust agencies, the Federal Reserve, and relevant Polish regulators. Commerzbank has a large subsidiary mBank in Poland.
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