Rymarz Zdort Maruta advises Bank Handlowy w Warszawie in connection with the sale of the retail banking segment to VeloBank

We are pleased to announce that we have provided legal, transactional and regulatory advisory services to Bank Handlowy w Warszawie S.A., in connection with the sale of the retail banking segment to VeloBank S.A. The transaction will be finalised once the required regulatory approvals have been received and the so-called operational readiness has been achieved, which is expected in mid-2026.

Bank Handlowy w Warszawie is the oldest commercial bank in Poland and one of the oldest continuously operating banks in Europe. Since 2001, the bank has been part of the global financial institution Citi and operates in Poland under the Citi Handlowy brand.

VeloBank is among the top ten largest banks in Poland. It offers modern financial solutions for individual clients, private banking, the SME sector, large companies and corporations, as well as public sector institutions.

“We would like to sincerely thank our client for their trust and we are pleased to have been able to participate in the transaction, which is not only an important step in the implementation of the strategic goal of strengthening Citi Handlowy’s market position in institutional banking, but also one of the largest M&A events on the banking market in Poland. We congratulate all parties involved and the advisors” says Łukasz Gasiński, partner co-head of the financial sector regulation practice at Rymarz Zdort Maruta.

The transaction team consisted of Paweł Rymarz (managing partner), Łukasz Gasiński (partner), Katarzyna Łukaszewicz (partner), Jacek Zawadzki (partner), Diana Sofu (counsel), Szymon Cieniawski (counsel), Kinga Duda (senior associate), Szymon Rutecki (associate). The team was supported by: Adam Puchalski (partner), Piotr Zawacki (partner), Weronika Papucewicz (counsel), Tomasz Kordala (counsel), Tomasz Bąkowski (senior associate), Jakub Grzyb (senior associate), Aleksander Jakubisiak (senior associate), Jakub Szewczak (senior associate), Adam Drgas (associate), Justyna Niezgoda (associate).