Raiffeisen Polbank speads up for WSE debut

Poland’s branch of Raiffeisen Bank International may debut on the WSE this year and offer over 25 percent of its shares, Bloomberg reported citing the firm’s CEO Martin Gruell. Nevertheless, the final decision has not been made yet, Gruel informed. In mid-January, Reiffeisen Polbank's CEO Piotr Czarnecki said that "we are preparing for this debut. We hope it will be conducted as soon as possible." The Polish Financial Supervision Authority (KNF) in 2012 obligated Raiffeisen Bank Polska to debut on the WSE by the end of June 2016, making it a condition of its approval to Raiffeisen's takeover of Polbank EFG. Poland's branch has been operating under the brand Raiffeisen Polbank since 2012. Polbank is Poland's eight biggest lender by assets. Raiffeisen bought it from Greece's EFG Eurobank for €460 million in 2012. Its current book value is estimated at PLN 5.5 billion.