Locked content Raiffeisen mulling IPO of its Polish unit

Austrian Raiffeisen is considering floating a significant part of its Polish unit Raiffeisen Polbank on the Warsaw Stock Exchange according to Reuters. “In Poland we are currently focusing on the preparation of the IPO. The size, structure and timing of the IPO are still open. The agreement wi...

Locked content Raiffeisen to sell Polish unit – sources

Austrian lender Raiffeisen Bank International has decided to sell its Polish subsidiary Raiffeisen Polbank, according to market sources quoted by Reuters. “Raiffeisen’s Polish unit is for sale,” one of the sources said. Two others confirmed the news. Raiffeisen has merged its Polish unit with ...

Locked content Raiffeisen Polbank increases ownership in leasing firm

Raiffeisen Polbank has acquired the 50 percent that it did not already own in leasing firm Raiffeisen Leasing Polska from Raiffeisen Leasing International for PLN 380 million, the lender said in a statement on Monday. Raiffeisen Polbank has now become the only shareholder of the Polish leasing compa...

Locked content Raiffeisen’s Q1-Q3 net profit 45% up y/y

Raiffeisen Bank Polska had consolidated net profit of PLN 172 million in Q1-Q3 of 2014, a 44.7 percent bump compared to the corresponding period of last year, the bank said in a statement. In Q3 alone, the bank saw PLN 80 million net profit, 45.2 percent more quarter-on-quarter. The significant impr...

Locked content EBRD takes part in Raiffeisen bond issue

The European Bank for Reconstruction and Development has agreed to purchase bonds worth PLN 500 million issued by Raiffeisen Bank Polska as part of a PLN 2 billion issue, the EBRD said in a press release on Thursday. The deal is part of the Financial Institutions Debt Capital Market Framework for Po...

Locked content Raiffeisen Polbank planning PLN 500 bln bond issue

Lender Raiffeisen Polbank would like to raise PLN 500 million in a bond issue, according to sources quoted by the Polish Press Agency. The bank is now said to be marketing the three-year bonds to potential investors. When asked about the issue, the lender confirmed that it “is considering a potentia...

Locked content Consumer watchdog blasts financial firms

Poland’s Office of Competition and Consumer Protection (UOKiK) has fined four financial firms for their activity regarding insurance-investment products, the watchdog said on Tuesday. Another 24 cases are still being analyzed. Aegon TU na Życie will have to pay PLN 23.45 and Idea Bank was fined PLN ...