Raiffeisen Negotiates over Polbank

Professional Services › Banks ♦ Published: December 23, 2010; 22:19 ♦ (Vindobona)

The Austrian Raiffeisen Bank International (RBI) negotiates actively for the Polish Polbank.

Raiffeisen Negotiates over Polbank / Picture: © Raiffeisen Bank International AG / S. Klimpt

The RBI has previously only made one proposal to the owner of Polbank, EFG Euro Bank. The efforts will be intensified presently, targeting the desired acquisition. Raiffeisen is however not the only bidder for Poland's eighth largest bank. Polbank has total assets of € 5.7bn and 700,000 customers, but has had losses in recent quarters.

RBI sees the retail business of Polbank as…

or Log In

Fast News Search
Related News
Urgent Need for Capital at Austrian Banks (December 21, 2010)
Raiffeisen Bank International's direct bank Zuno launches in Slovakia (December 6, 2010)
U.S. Sees Money Laundering Activities at Austrian Banks (December 2, 2010)
Polbank: Intesa Bids, Raiffeisen Still in the Race (November 25, 2010)
Raiffeisen CEO Stepic: CEE Continues Being Europe’s Growth Driver (November 8, 2010)
Raiffeisen Participates in Bid for Polbank (November 3, 2010)
Raiffeisen Bank International: Official Start of Business (October 11, 2010)
Read More
Expansion, Poland, Banking Industry, RBI Raiffeisen Bank International, Polbank, M & A
Featured
See latest Vindobona Newsletter