Polish Central Bank Chief Concerned More Banks On Sale - Reuters
May 17 2012 - 9:43AM
Dow Jones News
More European banks, faced with pressure from the euro-zone
crisis, may put their Polish units up for sale, following several
such recent moves, Marek Belka, governor of the National Bank of
Poland, is quoted as saying by Reuters Thursday.
"Allied Irish Bank had a fantastic subsidiary in Poland,
probably the best Polish bank, but had to sell...We are waiting and
concerned that there will be more cases like this," Belka told a
conference in London. "No European bank enjoys our full confidence
these days."
Ireland's Allied Irish Bank PLC (ALBK.DB) sold its 70% stake in
Polish Bank Zachodni WBK SA (BZW.WA) to Spanish banking giant Banco
Santander SA (STD) to meet capital targets. In 2012, Santander said
it had agreed to take over Poland's Kredyt Bank SA from Belgium's
KBC Group NV, with a Polish regulatory approval pending.
Also in 2012, Austrian bank Raiffeisen Bank International AG
(RBI.VI) closed its acquisition of the Polish bank Polbank EFG SA
from Greek banking group EFG Eurobank Ergasias SA (EUROB.AT)
Agency website: www.reuters.com
-Warsaw Bureau, Dow Jones Newswires; +48 22 447 2432