Friday, July 10, 2015

PZU wants to buy 2-4 banks will not take the risk on themselves … – Banker

PZU, which wants to consolidate the banking sector and buy 2-4 banks do not want to take on the risk of currency conversion mortgages – said Andrzej Klesyk, CEO of PZU SA.

 
 
 


 
“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” – Klesyk said during a debate organized by the Institute of Liberty.


 
 

“Do not imagine that PZU took on the risk of conversion for loans that someone else gave. For me to take risks in francs, it would be taking on a Russian roulette “- he added.
 

As he spoke Klesyk in the coming years will be consolidated
 the banking sector in Poland. “Banks between the place of 6 and 20 do not have
 raison d’être. If they do not consolidate, they will not be able to survive
 with current business requirements. Just big has more power and
 This consolidation must take place “- assessed.

 

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

 

“My dream would be to create an entity with the top five
 banking in Poland, maybe even on the box + + (the first three – PAP). To
  But do 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
 sale, so we have to buy a 2.3, maybe 4 (smaller – PAP) banks “-
 She pointed out.

 

At the end of May PZU signed a preliminary agreement to acquire 25.25 per cent. Alior Bank shares for 1.63 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.


 

“The first five (banks -PAP) to me is not to sell, we buy two-three-four banks ()”, – said Klesyk. (PAP)

 

seb / JTT /

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