Small and medium size banks need to consolidate

"I believe that the largest competition exists among banks which rank from 11th to 30th place [out of 46 banks] and they are the most likely to merge," said Marcin Materna, analyst with Millennium DM. Fortis Bank, DZ Bank, Eurobank and WestLB are mentioned as the potential consolidation leaders of small and medium size banks. "Eurobank may think about consolidation of the market in the future. We shall need additional funds, which can be obtained from partners and from the public market," said Eurobank owner, Mariusz Łukasiewicz. (Puls Biznesu, pp. 1, 4) M.M.