Raiffeisen suspends works on IPO prospectus

Polish Financial Supervision Authority (KNF) suspended works on the IPO prospectus of Raiffeisen Bank Polska, after the lender filed a motion to do so. The bank remains under a commitment to float 15 percent of its shares on the Warsaw Stock Exchange by June 30, 2017, KNF said. RBI submitted an issue prospectus for its Polish unit on April 12.