14th January 2013
Friday, May 24th, 2013
Bank Millennium up for sale again
Bank Millennium could be sold this year and PKO BP is one potential buyer, Rzeczpospolita reports. The sale of the Polish bank is one way for the bank's Portuguese owner, Millennium BCP, to gain the funds it needs to pay back government aid it received. If the bank is sold, it will bring significant change to the Polish banking market, especially if PKO BP manages to buy it.
According to stock exchange data, Bank Millennium is worth zł.5.7 billion. Back in 2011, the Portuguese owners announced back that they were considering selling the bank, and started looking for potential investors. BNP Paribas, Banca Intesa, UniCredit (owners of Bank Pekao), BRE Bank, and PKO BP have all reportedly expressed interest in buying it.
Millennium is the eighth-largest bank in Poland, with over 1.1 million customers and nearly 450 branches.
From Warsaw Business Journal
Also check out:
Banks expect increase in consumer loan demand
PKO BP to set up mortgage bank
PKO BP plans to create own mortgage bank
Polish companies on Forbes' Global 2000 list
PKO BP eyes potential takeovers
Banks expect increase in consumer loan demand
PKO BP to set up mortgage bank
PKO BP plans to create own mortgage bank
Polish companies on Forbes' Global 2000 list
PKO BP eyes potential takeovers
Advertisement
Though
parliamentary elections are two years away, a series of recent polls
showing the main opposition party Law and Justice (PiS) ahead ... READ MORE
Stratfor on Geopolitics
Migration and remittances in the euro zone periphery
BY Stratfor Global Intelligence
Migration and remittances in the euro zone periphery
BY Stratfor Global Intelligence
One of the main social consequences of Europe's economic crisis is the increasing number of people leaving countries in the ... READ MORE
back
Go to topOur partners
