Raiffeisen to sell its leasing unit soon – “if it's not value destructive”

Austrian Raiffeisen Bank should sell its leasing operations in Poland to PKO BP soon, according to its CFO Marftin Gruell, who made the announcement during an investor meeting webcast on the bank's website. Regarding the sale of its banking business in Poland, talks with Alior Bank are "a little bit less important," according to Gruell who admitted that the point of contention is the division of the FX mortgage portfolio. “Even if we are forced to take over a little bit more of FX loans than originally anticipated, it would not really distort our RWA relief program," he said. He admitted that the sale will go through only if the price is right. Both sides have until the end of November to come to terms.