Erste Group not interested in Polish lenders as for now
12:28
The third largest lender in Europe, Austrian Erste Group is delaying its acquisition intentions in Polish banking, Parkiet.com informed.
"Polish lenders are too expensive now. Some of them cost even double their book value," Andreas Treichl, the firm's CEO said.
"We have no plans regarding acquisitions in 2015 and 2016. Poland will be in the game in 2018. We will also have assets to acquire then," he added.
The lender recorded a €1.44 billion loss in 2014.
