13.2.11

Polish banks in trouble


Polish banks have the same problems, which their western parent organizations. At least five banks operating on Polish market will disappear soon. Among those intended to be sold are five linked to Greek, Spain or Portuguese. The situation changes very fast because only few days ago week BCP bank, which owns Polish Millenium bank meant to be sold, said that Warsaw bank is one of their strategic assets. Not, anymore...

Last week, BCP’s CEO Carlos Santos Ferreira told Reuters the Polish bank was a strategic asset. But with recent sales of its units in Turkey and the US, selling its Polish affiliate would boost BCP’s relatively low core capital ratio – currently 6.7 per cent, says Dariusz Gorski, an analyst at Wood & Co., in a research note.

More here.

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