March 03, 2015 12:19 PM ET

Banks

Company Overview of FM Bank PBP SA

Company Overview

FM Bank PBP SA provides banking products and services for businesses in Poland. The company offers deposits, financing, and other financial solutions for small and medium-sized enterprises; and micro businesses, such as freelance professionals, craftsmen, and specialists. It also provides mobile and online banking to its customers. FM Bank PBP SA was formerly known as Polski Bank Przedsiebiorczosci Spolka Akcyjna and changed its name to FM Bank PBP SA in 2013. The company was founded in 1995 and is based in Warsaw, Poland.

ul. Domaniewska 39A

Horizon Plaza

Warsaw,  02-672

Poland

Founded in 1995

46 Employees

Phone:

48 22 653 0500

Fax:

48 22 653 0501

Key Executives for FM Bank PBP SA

Head of Sales - Capital Markets
Executive Director of Corporate Banking Department
Treasurer of Capital Markets
Director of Capital Markets
Director of Transaction Services Department
Compensation as of Fiscal Year 2014.

FM Bank PBP SA Key Developments

OTP Reportedly Withdraws From FM Bank Bid

OTP Bank Plc. (BUSE:OTP) has withdrawn from the bid to acquire FM Bank PBP SA. FM bank has been put up for sale by Abris Capital Partners, a source with knowledge of the process told Reuters. Polish financial watchdog KNF ordered Abris to sell FM Bank by April 2015 because it said Abris had not met its commitments as an investor Beside OTP, Bank Ochrony Srodowiska S.A. (WSE:BOS), AnaCap Financial Partners LLP and Alior Bank Spólka Akcyjna (WSE:ALR) submitted offers to buy FM Bank, several sources said. Abris rejected a bid from Ochrony in December 2014. Portfolio added that Abris and OTP declined to comment.

Regulator Orders Abris To Sell Shares In FM Bank

KNF ordered Abris Capital Partners to sell all its shares in FM Bank PBP SA by April 30, 2015, KNF said in a statement. The decision was passed on a 3:2 vote, with one abstention, with regulator's own officers voting in favor, representatives of the Finance Ministry and bank guarantee fund BFG voting against and with NBP representative abstaining. The KNF wants Abris to sell its shares in the bank due to the investor's failure to meet prior obligations, the statement noted.

OTP, Alior, Bank Ochrony And AnaCap Reportedly Submit Offers For FM Bank

OTP Bank Plc. (BUSE:OTP), Alior Bank Spólka Akcyjna (WSE:ALR), Bank Ochrony Srodowiska S.A. (WSE:BOS) and AnaCap Financial Partners LLPhave submitted offers to buy FM Bank PBP SA, reported Reuters citing several sources. FM Bank, which is controlled by Abris Capital Partners, has a book value of PLN 300 million. A source close to the transaction said, "Alior, BOS, OTP and AnaCap Financial Partners have submitted their offers to buy FM Bank. By the end of this month the fund wants to choose one investor for further negotiations and by the end of year wants the deal to be signed." Three other market sources confirmed the bidders' names. Alior, OTP, AnaCap and FM Bank declined to comment, while AnaCap and BOS did not reply to Reuters' requests for comment.

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