Locked content Alior Bank plans $2.2 bln share issue

Polish mid-tier lender Alior Bank, a unit of insurer PZU, plans to raise up to PLN 2.2 billion through a share issue to finance the takeover of Bank BPH and strengthen its capital base. Alior, controlled via a 25.2 percent stake by Polish state-run insurer PZU, wants its shareholders to approve the ...

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...

Locked content Czarnecki wants to trade Idea Bank shares for BPH shares

Only Getin Holding controlled by Leszek Czarnecki and state-owned PZU are in the game for acquiring BPH owned by General Electric, Puls Biznesu daily reported. According to the newspaper, the billionaire has prepared a special offer for GE in order to win the race. Leszek Czarnecki is planning to fi...

Locked content GE mulls options for BPH Bank sale

General Electric Company, the majority shareholder of Bank BPH, is continuing a review of strategic options in connection with the sale of its majority stake in Bank BPH. As part of this process, GE is exploring several potential transaction structures, including a full carve-out of the Bank BPH for...

Locked content BPH Bank with lower results y/y

BPH Bank noted PLN 33.52 million consolidated net profit in Q2 2014. Last year result was higher, with PLN 44.55 million profit, bank reported. Lender’s revenue from interest was PLN 231.42 million, in comparison to PLN 244.12 million a year before. The result of the fee and commission income ...