PZU closer to take over Bank BPH - Reuters

Poland's biggest insurer PZU may sign a preliminary deal to purchase Bank BPH by the end of the year, Reuters reported citing a financial sector source. According to the source, "BPH owner, General Electric, is under pressure to sell as many of its GE Capital arm's assets this year as possible." PZU has bought an over 25 percent stake at Alior Bank, recently, the insurer said it would be also interested in state-owned BOś Bank.