Poland to increase state's share in banking sector to at least 50%

"Poland should increase the state's share in the banking sector to at least 50 percent. This way we support the so-called re-polonization," Treasury Minister Dawid Jackiewicz proclaimed. Jackiewicz says Poland would also make banks a subject to KNF supervision and guarantee that profits are not transferred to foreign parents. This way "our savings and profits from such operations will remain in the financial bloodstream of our country," he explained. That's why Poland supports the plans and strategies of the state bank PKO BP and insurer PZU in expanding their operations, while there are no plans of merging.