RI to draw up CEE shopping list following flotation

The announcement follows RI's successful IPO on the stock exchange in Vienna. "We are seeking investment opportunities. Before 2007 we would like to own assets worth some EUR 4 billion in the CEE region," said RI president, Hubert Stepic. He went on to say that he does not currently plan a flotation on the Warsaw Stock Exchange but does not exclude the possibility in the future. "If we managed to acquire the planned assets then the next flotation will be carried out in 2007. That is when we will become interested in the bourses in the region," added Stepic. Raiffeisen Bank Polska recorded a net profit of zł.164.4 million last year, which accounted for 8.3% of the group's profits. This year the Polish subsidiary's share is to amount to 11%. (Puls Biznesu, p. 9) A.K.