Polish regulator KNF has given Raiffeisen Bank more time to offload Raiffeisen Polbank, its Polish unit. If the bank is unable to find a buyer by the end of 2016 it must list Raiffeisen Polbank on the stock exchange by the end of June 2017. KNF said in a statement that it had agreed that the bank could be sold this year to a Warsaw-listed bank, on condition that Raiffeisen keeps the unit's Swiss franc-denominated loan portfolio. The deal would be worth €1.05 billion ($2 billion), or about $1.7 billion, if all conditions are met.
Polish regulator KNF has given Raiffeisen Bank more time to offload Raiffeisen Polbank, its Polish unit. If the bank is unable to find a buyer by the end of 2016 it must list Raiffeisen Polbank on the stock exchange by the end of June 2017. The deal would be worth €1.05 billion ($2 billion), or about $1.7 billion, if all conditions are met.