Millennium Bank closer to buying Deutsche Bank Polska

WSE-listed Millennium Bank has moved onto the second phase of talks regarding buying the Polish assets of Deutsche Bank. “We've analyzed the, passed to the second phase, and have answered some of the required questions, but I won't give details,” Millennium Bank CEO Nuno Amado said. Portuguese owner of Millennium Bank will now pass the torch to the Polish branch to continue the process. Back in May, Deutsche Bank said that it plans to sell most of its Polish assets, excluding its FX-denominated housing loans, with Millennium, mBank and BZ WBK being mentioned as the frontrunners for acquisitions. According to analysts, the banks’ assets could go for at least $450 million.