Raiffeisen Participates in Bid for Polbank

Professional Services › Banks ♦ Published: November 3, 2010; 13:29 ♦ (Vindobona)

Raiffeisen International Bank (RBI) tries to get into the act concerning the sale of Polbank. The eighth largest bank in Poland is currently owned by EFG Euro Bank, which is offering its Polish interest for sale.

Raiffeisen Participates in Bid for Polbank / Picture: © Raiffeisen Bank International AG / S. Klimpt

Two weeks ago, the CEO of RBI, Herbert Stepic hinted: "It is no secret that we are looking around in Poland. The market is much too interesting to pass to conduct only a niche policy." Polbank would also be interesting for Raiffeisen because 335 branches would be acquired immediately. Currently, Raiffeisen has 125 branches in Poland.

The sales process of the 44.1% stake in the…

or Log In

Fast News Search
Related News
Raiffeisen CEO Stepic: The Crisis in Eastern Europe is Not Over Yet (October 22, 2010)
Strabag renews € 2 billion syndicated surety loan (October 13, 2010)
Coface CEE Top 500 - Poland Largest Number of Companies in CEE (October 12, 2010)
RZB Group Tatra banka among Lead Managers for Slovak Republic EUR 2 Billion Benchmark Bond (October 11, 2010)
Raiffeisen Bank International: Official Start of Business (October 11, 2010)
FDI - Austrian enterprises still expanding abroad; foreign enterprises in Austria stagnate (October 5, 2010)
Raiffeisen banks are approaching reunification (June 8, 2010)
Banks are approaching reunification (May 31, 2010)
Read More
Polbank, Poland, M & A, Herbert Stepic, RBI Raiffeisen Bank International, Raiffeisen, Expansion
Featured
See latest Vindobona Newsletter