The country's largest bank is looking to assemble a coalition of investors which would help it buy fellow bank BZ WBK from its beleaguered Irish owners.

PKO has already attracted widespread political support for the move.

"I don't see anything wrong with PKO looking to capitalize on a chance that suddenly materialized on the Polish market," says Jan Krzysztof Bielecki, a former prime minister and currently the head of a panel of Prime Minister Donald Tusk’s economic advisers.

"There's no reason PKO shouldn't file an offer in this auction."

Source: Poland A.M.