Deals
Raiffeisen Poland Plan Hits Snag as KNF Insists on Terms
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Raiffeisen Bank International AG may have to wait with a full sale of Raiffeisen Bank Polska SA until after it has listed the unit on the Warsaw Stock Exchange as Polish authorities insist banks stick to their pledges.
The Polish Financial Supervision Commission, or Komisja Nadzoru Finansowego, expects banks to fulfill promises, the Warsaw-based regulator said Thursday. Raiffeisen agreed with the KNF to sell at least 15 percent of the Polish unit to the public by the middle of 2016, when it acquired EFG Polbank for 605 million euros ($689 million) three years ago.