Raiffeisen Bank International Acquires 70% of Polbank

Businessn.a. ♦ Published: February 4, 2011; 00:45 ♦ (Vindobona)

The Austrian RBI purchases Polbank for € 490m in cash. Polbank is seen as ideal complement to existing Raiffeisen Bank Polska .

Raiffeisen Bank International Acquires 70% of Polbank / Picture: © Raiffeisen Bank International AG / S. Klimpt

Raiffeisen Bank International AG (RBI) today reached an agreement for the acquisition of a 70 per cent majority share in Polbank EFG (Polbank) in Poland. "With its clear focus on retail banking, Polbank is an ideal complement to Raiffeisen Bank Polska. We are creating a broad basis to develop successfully in one of the most solid and most strongly growing economies in Central and…