French investors ready to pay $150 million for Eurobank

"This is the price named by the investors who are negotiating the purchase of the bank. It is 2-2.5 more than the value of funds that have so far been put into Eurobank," said the source. This valuation is close to the market value of Bank Ochrony Środowiska, which is over five times larger than Eurobank. However, it did not surprise analysts. "Eurobank, one of the smallest banks, whose own funds amount to around zł.100 million and assets total around zł.1.5 billion, had a better return on banking activity than the companies several times larger like DB PBC or PTF Bank. It means that Eurobanks is rapidly growing, quickly gains clients and has a large potential," stated Marcin Materna, an analyst with DM Millennium. Moreover, the bank plans to post a positive financial result in each month this year. French Cofinoga and BNP Paribas were earlier named as potential investors in the bank. However, Puls Biznesu source stated that currently BNP Paribas is not participating in the negotiations. (Puls Biznesu, pp. 1,8) E.B.