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. Deutsche Bank has approximately PLN 38 billion in assets in its Polish division. The move is consistent with a wider trend of foreign banks pulling out of Poland thanks in part to the government’s expressed strategy of putting more banks in Polish hands, the report also indicated. Earlier this year, GE Money decided to sell the Polish offshoot of its Alior bank.