mBank not interested in Deutsche Bank Polish assets - CEO

According to the CEO of mBank, Cezary Stypułkowski, the WSE-listed lender is not interested anymore in acquiring Deutsche Bank Polska. He added that the potential takeover of Idea Bank is also off the table. “When it comes to business model, Idea Bank is not a right fit for us,” he explained, adding that it’s possible that other lenders might be interested in such takeovers. “In current regulatory terms, it’s hard to make business decisions. The due diligence process alone has to last at least 15 months. But, obviously, if someone wants to sell, a buyer might step in. The only question is the price,” Stypułkowski said. Back in August, Reuters said that mBank has backed down from talks to buy Deutsche Bank Polska, however, Millennium Bank and BZ WBK were still in the running.