8th October 2012
Tuesday, May 21st, 2013
PKO BP hopes to snap up local bank
Poland’s largest bank PKO BP wants to strengthen its market position through acquisitions, reported Rzeczpospolita.
“The next six quarters will be much weaker in terms of GDP growth in Poland. This means smaller banks will have difficulties making adequate returns,” Zbigniew Jagie³³o, CEO of PKO BP, told reporters recently.
“Within the next two years we want to buy a bank with a strong presence in large cities as this will strengthen our position in agglomerations,” he added.
According to Mr Jagie³³o, PKO BP would be interested in purchasing Bank Millennium if its Portuguese owner BCP once again decided to put it up for sale.
From Warsaw Business Journal
Also check out:
Banks expect increase in consumer loan demand
PKO BP plans to create own mortgage bank
Banking sector consolidation 'optimal' says regulator
Bond issue from BGŻ worth z³.3.5 billion
Millennium to postpone selling Polish unit
Banks expect increase in consumer loan demand
PKO BP plans to create own mortgage bank
Banking sector consolidation 'optimal' says regulator
Bond issue from BGŻ worth z³.3.5 billion
Millennium to postpone selling Polish unit
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