PKO BP will not acquire Bank Pekao
18:14
Poland’s largest state-controlled lender PKO Bank Polski is not going to take over commercial lender Bank Pekao, a unit of Italian UniCredit, PKO CEO confirmed.
"I deny that we are taking over Pekao SA," PKO Chief Executive Officer Zbigniew Jagiello said on Thursday.
However, Jagiello did not answer a question about whether his bank is submitting an offer to buy Raiffeisen Polbank, which has also been put up for sale by its parent company.
Earlier, the chief executive of Poland's Bank Pekao, Luigi Lovaglio, told reporters he has ruled out the possibility of Italy's UniCredit selling the Polish unit. Bloomberg said Unicredit was considering selling a 50.3 percent stake in Poland’s second-largest lender.
