Poland’s PKO Bank Polski is, reportedly, looking for foreign acquisitions, in a bid to boost its market footprint, according to management board member Jakub Papierski.
Papierski was quoted by The Wall Street Journal as saying, "At the moment we’re not interested in buying a bank in Poland.
Go deeper with GlobalData
"This doesn’t mean we will not be seeking attractive acquisitions abroad," he added.
The latest acquisition plans by the lender may follow the takeover of the local unit of Scandinavian bank Nordea Bank.
With an aim to assume control of around 20% of the market in Poland, the state-controlled lender said that it is not only looking for competitor lenders, but also seeking to expand its brokerage in Central Europe, the news agency reported.
US Tariffs are shifting - will you react or anticipate?
Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.
By GlobalData
