Alior negotiations to buy Raiffeisen Bank Polska collapse

Polish lender Alior, owned by PZU has ended talks with Raiffeisen and will not be buying its Polish unit. Alior has had exclusive bargaining rights for the assets since late September. Talks concerned the core banking operations. “As for the termination of talks with Raiffeisen, we decided tha...

Locked content Deutsche Bank looking to leave Poland

In order to streamline operations and increase capital, Deutsche Bank could sell its Polish division, according to a report from Reuters on Wednesday morning.  The report stated the two banking sources had confirmed that the bank wants to eliminate assets that are not related to its core business. D...

Locked content PKO BP and Alior bid to buy Raiffeisen’s local unit – Reut...

State-run Polish lender PKO BP  and Alior Bank  have filed bids to buy the local unit of Austria’s Raiffeisen as part of the government’s plan to increase control over the banking sector, a source familiar with the sale told Reuters. The source said PKO BP, Poland’s largest lender ...

Locked content PZU considers taking over Pekao and Raiffeisen Polska

Poland’s state-run insurer PZU will consider taking over Bank Peako, owned by Italy’s Unicredit and the Polish unit of Austria’s Raiffeisen, PZU’s CEO Michał Krupiński told Dziennik Gazeta Prawna daily. “As PZU we will be considering taking over Pekao and Raiffeisen,...

Locked content Alior Bank acquires credit union Powszechna SKOK

The financial market regulator KNF has approved Alior Bank’s decision to take over ailing credit union Powszechna SKOK with deposits of PLN 42 million, the watchdog informed. “Alior Bank’s situation allows it to take over Powszechna SKOK in a way which can preserve the financial ma...

Locked content Alior Bank may take over BPH Bank within days

Polish daily Rzeczpospolita said on Tuesday that Poland’s mid-tier lender Alior Bank, a unit of state-owned insurer PZU, may acquire rival Bank BPH from General Electric at the end of this week or next week. According to the newspaper, Alior will take over BPH’s assets excluding the fran...

PZU buys stake in Alior bank

WSE-listed insurer PZU will buy a 25.25 percent stake in commercial lender Alior Bank from its lead shareholder Carlo Tessara for PLN 1.635 billion, the company announced on Saturday. The transaction needs to be approved by the Financial Supervision Authority (KNF) and consumer watchdog UOKiK.

Two in the running for Alior stake

Eurobank owner and the second-biggest French bank, Societe Generale (SG) or Polish billionaire Leszek Czarnecki are favorites to acquire 26 percent stake in Alior Bank, Bloomberg reported. All parties declined to comment.