Klesyk: PZU interested in any bank outside Poland's top five

Poland's largest insurer, PZU has PLN 6 billion at its disposal  that may be committed to investment projects, most likely in banking, its CEO, Andrzej Klesyk told Reuters. "We are potentially interested in any bank outside Poland's top five," Klesyk said. "But uncertainty over Swiss franc mortgages and the banking tax caused widespread confusion among sellers. Many of them had to put sales on hold." Raiffeisen Bank International has put its Polish unit Raiffeisen Polbank up for sale, GE wants to sell Bank BPH and PZU is interested in both of them. Unfortunately, the two lenders have large Swiss franc mortgage portfolios and the franc's surge earlier this year raised credit costs, causing outcry among half a million Polish loan holders.