PZU CEO: Banks from 6 to 20 places have no chance to survive – Onet.pl

 
  Photo: Iza Procyk-Lewandowska / Onet
 
 
  Andrzej Klesyk
 
 
 

How Klesyk said during the debate held in Warsaw by the Institute of Liberty, in the coming years will consolidate the banking sector in Poland. “Banks between the place of 6 and 20 can not exist. If they do not consolidate, they will not be able to survive with the current business needs. Just a big a higher power and that consolidation must take place” – assessed.

He added that the question arises, who is this done – or Western capital, or PZU. “I think I’m able to get a premium business for the fact that I am here Polish entity. So I hope that I will receive support from the regulator, perhaps from politicians to a very good business principles to be able to consolidate several banking entities” – he said.

“My dream would be to create an entity with a top five bank in Poland, maybe even» for box “(the first three – PAP). To do this, however, is not enough just to buy, but then you have to also put together” – added

“The first five (banks in Poland – PAP) in my opinion, is not for sale, so we have to buy a 2.3, maybe 4 (smaller – PAP) banks” – he pointed.

Klesyk also stressed that “can not imagine that PZU took on the risk of conversion” frankowych loans for the purchase of banks. “FSA said it will not accept any transaction where the risk of francs will be taken to a new investor. I support the efforts FSA “- said the head of PZU.

” For me to take risks in francs, it would take at Russian roulette myself “- he added.

At the end of May this year. PZU signed a preliminary agreement to purchase 25 percent. Alior Bank shares for 1.6 billion zł. PZU stating that he wants to consolidate the banking sector and create a bank that would be in the top five largest in Poland in terms of assets.

Participating in the debate Alior Bank president Wojciech Sobieraj also admitted that in the near future on the Polish banking market will there have to consolidate. He emphasized that regulators can not passively look at this. “The role of the observer when changing strategic structure of such a significant part of the economy is absurd,” – he assessed.

In turn, the president Capital Strategy consulting company, Stefan Kawalec noted that Poland is dominated by banks, which are companies-daughters Western banks that are widely held.

“In the big EU countries is dominated by banks, which have their headquarters in the country, and small economies dominated by banks, which are controlled from abroad (…). Poland against this background stands out because it is in the group of large countries, but has the structure of a typical bank for a small EU country, “- he said.

said that it is the result not of market processes, but privatization strategy, which was conducted in years when in our country there was no bank in the full sense of the word. “Since that time, however, it’s been 25 years. We have the staff, expertise and there is no reason that the majority of banks in Poland was controlled from abroad “- said Kawalec.

Chairman of the Board of Partners EY and former head of the Economic Council to the Prime Minister Jan Krzysztof Bielecki outlined, that we should reject the “ideological approach to this issue and say that once we were behind privatization, and now we are for domestication (banks – PAP)”. “We have other possibilities, human resources, capital resources and we should be open to opportunities that arise on the market” – he said.