Raiffeisen aims to sell Polbank to locally listed lender

Austria's Raiffeisen Bank International aims to sell its Polish unit Polbank to a bank listed in Poland, its chief financial officer said on Thursday. Poland's financial regulator has given RBI until the end of 2016 to sell Polbank, which the Austrian bank plans to first strip of its Swiss franc-denominated loans, "The remainder (minus the portfolio of franc-denominated loans) will be sold to a listed bank in Poland. That is the goal," RBI's Chief Financial Officer Martin Gruell told an annual shareholder meeting, without naming potential buyers. "We are in the middle of the sale process," he added.