Trigon acted as financial advisor for VeloBank's landmark acquisition of Citi Handlowy retail banking, supporting clients in one of the most important consolidation processes in the Polish banking sector

VeloBank S.A., Cerberus Capital Management, IFC - International Finance Corporation, and EBRD on signing a preliminary agreement to acquire the retail operations of Citi Handlowy – a transaction that marks a significant step in building one of the leading challenger banks in Poland. With this acquisition, VeloBank is set to become the 9th largest bank in the country, serving over 2 million customers and managing nearly PLN 80 billion in assets. The deal reflects the strong confidence of international investors in the Polish financial market and will bring tangible benefits to both clients and employees of the combined institution.