Of Special Interest
6th December 2011
Raiffeisen told to consider dual-listing
Wojciech Kwasniak, deputy head of the Polish financial regulator, KNF, said in a recent interview that Raiffeisen Bank International should consider a secondary listing on the Warsaw market following completion on the acquisition of the 70% stake in Polbank from EFG Eurobank. Kwasniak said: "We are of the opinion that banks which have a substantial position on the local market and finance themselves mostly with local deposits should be very transparent in their activities, and listing serves best in that".
Previously UniCredit who own Pekao Bank agreed to list in Poland as a part of a larger deal with the Polish Authorities.
The combination of Raiffeisen Bank Polska and Polbank will form the sixth largest in Poland by asset size and fourth largest lender with more than 1 million customers. Raiffeisen Bank International is the listed part of the wider Raiffeisen Bank in Austria.