New treasury minister backs PZU plans regarding banking

Newly appointed Minister of the State Treasury Andrzej Czerwiński said he supported the country's largest insurer, state-controlled PZU's plans to purchase some Polish lenders. "Supporting banks to some extent, strengthening their position on our market in the context of the financial competition in Europe and in the world is a positive step," the minister told radio TOK FM. PZU has already bought over 25 percent of the stake in Alior Bank and expressed interest in Bank BPH, owned by General Electric.