- We know that we are in a kind of process that is generating significant emotions, known as the 'Danish compromise'. The discussion on this matter is ongoing. A steering committee has been appointed. There are expert teams between PZU and Pekao S.A. […] This is a very complex and unprecedented transaction, one that has truly not been carried out on such a scale before - said Wojciech Balczun in TOK FM's Morning Show.

- This is, of course, a response to the requirements of market regulators, both in the insurance and financial sectors, concerning capital requirements for these companies, for these entities, and we must mitigate all risks - he continued.

- The validity period of the current memorandum, which was in effect until the end of the year, has been extended. Expert teams are working. We know that this is a complex process requiring amendments to four acts - he indicated.

- The ultimate goal is to create a financial-insurance conglomerate, a bancassurance group. However, there is no predetermined final scenario, as I am awaiting the team's recommendations. A schedule was adopted in the first memorandum, but it is naturally outdated due to the complexity of this process - he noted.

When asked if this would happen during the current parliamentary term, he replied: - I am unable to, so to speak, confirm that unequivocally.