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Raiffeisen Bank International Acquires 70% of Polbank

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

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…

This article includes a total of 581 words.

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