Poland Will Seek Opportunities to Buy Banks From Foreign Owners

“We are using and we will use opportunities to buy interesting banking assets from foreign owners exiting Poland,” Treasury Minister Wlodzimierz Karpinski comments in e-mail after PZU deal to buy Alior Bank today Link.

  • “After years of importing capital and know-how from foreign banks, the time for the repolonization of the financial industry has come”
  • “This means using Polish capital to consolidate and build value” in Polish banking industry
  • NOTE: PZU Agrees to Buy 25.3% Stake in Alior for 1.63b Zloty Link

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