Raiffeisen International Bank Intends to Get Further Involved in Poland

Published: May 10, 2011; 05:17 · (Vindobona)

After the purchase of the Polbank in February, the Austrian RBI seems to be interested now in the Polish DZ Bank. Its chances are however considered to be low.

Raiffeisen International Bank Intends to Get Further Involved in Poland / Picture: © Vindobona.org

The Polish subsidiary of the German DZ Bank is to be sold. DZ Bank is also active in Austria, holding a minority share of 25% of the Volksbanken group. The sale is intended to compensate for losses in Germany.

RBI is considered to be interested in an acquisition, according to the Polish newspaper "Rzeczpospolita". Market experts however expect that RBI is likely to have but low chances. In February, when 70% of the Polbank was transferred, RBI turned into one of the largest banks in the country.

There are already several parties interested in the Polish subsidiary of DZ Bank. The bank achieved a net profit of € 4.8m last year (2009: € 6.86m), with total assets being valued at € 753m. The Polish Bank specializes in private banking, for which reason there are synergies seen with Polbank, also active in the private banking sector. No comments have been made by RBI yet.

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