Raiffeisen to write-down PLN 114 mln from Polbank brand

Raiffeisen Bank Polska will write-down PLN 114 million of Polbank brand and goodwill. As a result, the bank will take a PLN 92.3 million hit on its Q1 results. This is not the first time the lender has taken a hit on its financial results from the Polbank brand. For its 2016 results, Raiffeisen suffered a PLN 102.6 million loss from the write-downs of Polbank brand and goodwill.