raiffeisen bank internationa (RAIFF) Key Developments
PKO Bank Polski Not Interested In Bidding For Raiffeisen Bank Polska Or Bank BPH
Jun 24 15
Zbigniew Jagiello, Chief Executive Officer of Powszechna Kasa Oszczednosci Bank Polski Spolka Akcyjna (PKO Bank Polski ), said the company is not interested in bidding for Raiffeisen Bank Polska S.A. or Bank BPH SA (WSE:BPH) put up for sale by their respective parents Raiffeisen Bank International AG (WBAG:RBI) and General Electric Company (NYSE:GE), Puls Biznesu reported, citing ISBnews.tv. Jagiello told ISBnews.tv that PKO Bank Polski does not plan any acquisitions in 2015 other than those aimed at supporting the stability of the financial system in Poland.
Fosun Interested In Buying Raiffeisen's Polish Bank
Jun 15 15
Fosun International Limited (SEHK:656) is interested in buying the Polish unit of Raiffeisen Bank International AG (WBAG:RBI), two banking sources familiar with the matter said. The Chinese fund will have to fight off competition from another prospective buyer, Powszechny Zaklad Ubezpieczen Spólka Akcyjna (WSE:PZU) which according to banking sources has already submitted an offer for Raiffeisen Bank Polska S.A. Both Raiffeisen Polbank and Fosun declined to comment.
PZU Reportedly Submit Offer For iffeisen Bank Polska
Jun 1 15
Powszechny Zaklad Ubezpieczen Spólka Akcyjna (WSE:PZU) has submitted an offer to acquire Raiffeisen Bank Polska S.A., two sources familiar with the matter said. One source stated: "They've submitted an offer, talks are ongoing, there is no crowd (of investors interested)." Another source said that Raiffeisen was the only interested party. "The Austrians are ready to accept the price of just 1 times a book value," one source said. Raiffeisen Polbank's book value amounts to PLZ 6 billion. Raiffeisen Bank International AG (WBAG:RBI) needs to divest its Polish unit to help shrink its balance sheet and hit a core capital ratio of 12% by 2017 end.
Raiffeisen Bank Polska Seeks IPO
May 25 15
Raiffeisen Bank International AG (WBAG:RBI) has reached an agreement with the Polish financial market watchdog KNF to hold the initial public offering between signing and completing the transaction of selling its Polish unit Raiffeisen Bank Polska S.A., Reuters reported citing RBI Chief Financial Officer Martin Gruell. KNF approved the deal, but the Austrian lender obliged itself to conduct an IPO in Warsaw of up to 15% of its Polish unit. According to Gruell, the transaction should take place in 2016. Due diligence of the Polish business has already begun, but he declined to reveal details about its value.
Raiffeisen Bank International AG Announces Executive Changes
May 22 15
Raiffeisen Bank International AG announced on May 20, 2015 that it appointed Andreas Gschwenter COO and chief information officer, effective July 1. Gschwenter has been the head of operations in charge of IT, operations and cost management at PJSC Raiffeisen Bank Aval in Ukraine since 2010. He will be tasked with improving the group's cost structure and further advancing the harmonization of IT systems. Gschwenter replaces Aris Bogdaneris, who left the bank in March and is now the head of retail challengers and growth markets at ING Bank NV.