Germany's Allianz Bank may soon sell each of its 56 branch locations in Poland, according to sources cited by Rzeczpospolita. Alior Bank is reportedly interested in purchasing all of them, which could cost it a total of zł.30 million.

Rzeczpospolita cited an unnamed source as saying the transaction was close to being finalized, but both banks have refused to officially comment on the reports.

Even though both banks entered the market at a similar period (at the end of 2008), Allianz Bank currently has 50,000 clients while Alior has 600,000, of which 50,000 are firms.

In March, Paweł Dangel, chairman of the Allianz Group in Poland, announced that Allianz Bank planned to increase its client base by 100,000 by the end of the year.

Alior Bank has recently been expanding its operations – it already has 175 branches and if the Allianz transaction goes through it will have more offices than both Nordea Bank and Citi Handlowy.