BNP Paribas has joined the race to acquire Raiffeisen Polbank for up to €1bn. The sale comes as Raiffeisen Bank International (RBI) seeks to bolster its core capital ratio through restructuring amid newly imposed bank taxes and low interest rates in Poland. A deal would be a coup for RBI, which is currently struggling with losses of around €1bn on bad loans from Poland and Ukraine.
BNP Paribas has joined the race to acquire Raiffeisen Polbank for up to €1bn. The sale comes as Raiffeisen Bank International (RBI) seeks to bolster its core capital ratio through restructuring amid newly imposed bank taxes and low interest rates in Poland. BNP Paribas' potential acquisition of Polbank faces competition from ING Bank Slaski, Alior Bank and PKO Bank.