Business&Law » Banks in Poland for sale

Polish banks were not hit hard by the financial crisis. However, the same cannot be said about the parent companies of Polish banks. Mostly because of financial difficulties – parent institutions of Polish banks are willing to sale banks in Poland.

 

At least three banks operating in Poland are on sale according to newspapers.

Banking sector in Poland has already undergone some major changes with Santander’s takeover of Bank Zachodni WBK and Raiffeisen Bank’s acquisition of a 70% stake in Polbank, the Polish subsidiary of Greek bank Eurobank EFG.

BIG SHOTS

  • Millenium Bank SA (joint-stock company)

Bank is estimated to be worth 5.200.000.000 PLN (approx. 1.200.000.000) euro. Millenium bcp – Banco Comercial Portugues is the owner of  approx. 65,51% of shares and votes at the shareholders’ meeting of Millenium Bank SA. Millenium Bank SA is the sixth bank in Poland with regards to the value of the assets.

Potential buyers: UniCredit SpA, BRE Bank, PKO BP (the biggest bank in Poland as to the assets), BNP Paribas and Banca Intesa.

The reason for sale is aimed at raising by Millenium bcp its share capital by at least 400.000.000 euros.

 

  • Kredyt Bank SA (joint-stock company)

Bank is worth 3.600.000.000 PLN (approx. 800.000.000) euro. KBC Bank NV (member of GBC Group NV) has 80% of shares and votes at the shareholders’ meeting of Kredyt Bank SA. Kredyt Bank SA is the eighth bank in Poland. Potential buyers: BNP Paribas, Societe Generale, Deutsche Bank, Nordea, Banca Intesa.  

  • DnB Nord SA (joint-stock company)

Bank is worth about 800.000.000 PLN (approx. 200.000.000) euro. Its owner is the biggest Norwegian bank DnB NOR.

The Polish press communicated a few weeks ago that the bank is the area of interest of Leszek Czarnocki, one of the wealthiest people in Poland.

APPETIZER

  • Dexia Kommunalkredit Bank Polska SA (joint-stock company)

Bank belongs to Dexia Kommunalkredit Bank AG having  100 % of the shares of Dexia Kommunalkredit Bank Polska SA.

It is a small – one branch bank with the share capital of 104.000.000 PLN. Most of the specialist say that what the really is to be sold is the banking licence.

No information about potential buyers.