Raiffeisen still wants to exit Poland

Raiffeisen Bank International (RBI) is determined to sell its Polish unit, Raiffeisen Polbank despite the KNF financial watchdog's objections, Reuters reported. "There is a motion that is to threaten RBI with stripping it of voting rights as it failed to properly consult with regulator KNF about their plan to sell their Polish unit,"said the anonymous source cited by the agency. "We are continuing our sales process as planned. The statement of the KNF does not come as a surprise. We will certainly respect all commitments made in the course of the Polbank acquisition," the lender informed in an emailed statement cited by Reuters. Polbank was acquired by RBI in 2012. The KNF approved the deal, but the Austrian lender obliged itself  to conduct an IPO in Warsaw of up to 15 percent of its Polish unit, the agency reminded. Polish unit, Raiffeisen Polbank is a top-eight player in the banking sector after acquiring Polbank. The bank made €84 million in Poland last year.