Deals
Raiffeisen Can Reach Capital Goal Even If It Keeps Polish Unit
- Political environment, regulator demands don't make sale easy
- Capital goal already `within striking distance,' CEO says
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Raiffeisen Bank International AG can afford to keep its Polish unit rather than sell it at a fire-sale price because the Austrian lender is already “within striking distance” of its target to boost capital ratios, according to its chief executive officer.
Eastern Europe’s second-biggest lender still wants to dispose of the business but may not succeed in doing so, CEO Karl Sevelda told journalists in Vienna on Wednesday. Selling Raiffeisen Bank Polska SA, a cornerstone of a capital restoration plan presented a year ago, has been hampered by the complicated deal structure demanded by Polish regulators.