KNF approves Raiffeisen Bank Polska IPO suspension
22:22
The Polish financial regulator KNF approved an annex to issue prospectus suspending the IPO of Raiffeisen Bank Polska. No new dates regarding the IPO timeline were given, however, KNF previously said that “it would take all necessary steps to assure shares are listed on the WSE as soon as possible.”
Raiffeisen Bank Polska was under the obligation to KNF to float 15 percent of its shares by end-July. However, due to low interest, the lender suspended the procedure. The reason for small interest was the bank's low profitability and portfolio of toxic Swiss franc-denominated mortgages.
