ABB made an offer for the purchase of Raiffeisen Bank International highlighted the main activities of the Bank Raiffeisen Bank Polska (RBPL) and began a period of exclusive negotiations regarding the transaction, said last week, Alior Bank in the message.
the Bank had foreseen at the same time that the beginning of talks with RBI “does not mean that the acquisition of the main activities of RBPL will be held.”
Also, PKO BP announced recently in a press release, began talks with RBI on the acquisition by the Bank 100%. shares of the company Raiffeisen-Leasing Poland (RLPL) “closing date 21 September 2016. RBI with an agreement to negotiate on an exclusive basis”.
at the same time, PKO BP announced that the conclusion of such transaction will lead to the fact that may not fulfill the conditions of dividend payments for 2015.
analysts Polled by REUTERS of the Bank recognize that these movements can be seen as a manifestation of zapowiadanego through the current government process repolonizacji” banks.
according to the analyst of Haitong Bank Camille Joiner, if these transactions were not, in a few percent more, the banking sector would be spolonizowane because the owner Alioru is ROM controlled by the Treasury.
“so, this is another step towards consolidation and repolonizacji banking sector”, – measures. Raifeissen would according to him, another Bank, which can be classified as controlled Russian capital.
“of course, but it is not a fundamental change, because the change within the trend. Don’t think to put the case and changed the intentions of the ruling team regarding future acquisitions,” he comments.
Michael Sobolewski with DM, BECAUSE also recognizes that the acquisition of Raiffeisena Alior through “will increase the share of banks controlled by private capital, this corresponds to the predictions of politicians.” It also recognizes that another entity involved in this deal would be PKO BP, “which took on the role of leasing companies much Zerg its market share”.
“the Acquisition of Raiffeisena gives Alior Bank a likely to find in the first five largest banks. While in the top ten, and the acquisition of Raiffeisena gives them the fifth-sixth place. That makes it about a year 2019-20 A. must be able to implement its strategic goal”, – says the analyst of BO.
according to Him, after the acquisition of liberty Poland S. A. “has a chance to increase profitability, so the direction is clear”. “We can think about how to approach the market. The share price weakens Aliora themselves, but it should not surprise us, because to buy Raiffeisena will have to issue shares,” he said. “However, the economic justification of this movement as the most correct,” he adds.
according to Him, you also need to remember that the market after the financial crisis he lost momentum. “There are also a lot more stringent rules for the industry, the greater the burden on cost, hence the trend towards consolidation. Aliora movement is largely a reaction to the slowdown. Ltd will therefore be an important player in the market, but not this scale of activity, whether that BZ WBK PKO BP,” – said Sobolewski.
Also, the President) Michael Petrashkevich, alias, in a speech to IAR, commenting on the planned intentions of the Aliora and PKO BP with respect to Raiffeisen Bank and Raiffeisen-Leasing Polska acknowledged that Polish financial institutions use the possibility to increase the share of domestic capital in the Polish banking system.
he Noted that repolonizacja not forced by the government, but as a result of the financial crisis on the world markets. He added that this process should be carried out in the order, careful to avoid an “over-bias of financial institutions”.
Currently, Russian companies own more than 35 percent of the Polish banking sector.
Alior Bank started its operations in November 2008. The Bank debuted on the Warsaw stock exchange in 2012. The Bank’s assets had a value of 40 billion by the end of 2015.
Recently, the Financial Supervisory Commission stated that it expressed no objections to the acquisition of Bank BPH for the ABB, specifically the acquisition of liberty Poland S. A. the share of BPH, but without mortgages, i.e., loans for housing construction.
the Largest instytucyjnym investor Alior Bank 2015, PZU, who seized then of 25.19%. action. After the acquisition of BPH Alior became the ninth largest Bank in Poland.
appeared In the media the voices that ROM can be purchased from the Unicredit share of Pekao SA. If that happened, the ROM will have in their hands a considerable part of the Polish banking system.
PKO Bank Polski sa, in turn, the leader of the Polish banking sector. Total assets of the Bank made up to the end of 2015, nearly 267 billion. Shares of the Bank since 2004. listed on the stock EXCHANGE.
Raiffeisen Bank Polska S. A. (acting now under the name Raiffeisen Polbank) was founded in 1991. The assets of the Group at the end of the first half of 2016. reached a level of 54.0 billion.
In 2012, the Financial Supervisory Commission, agreed to the company’s acquisition of Raiffeisen Bank Polska Polbank EFG, owned by the Greek Eurobanku. Has put, however, the conditions. One of them was the obligation of the investor that it will release the shares of the merged Bank on the Warsaw stock exchange not later than 30 June 2016. However, by that time Bank of the Republic of Austria has failed to find an investor.
this Spring, the KNF stated that he believes the introduction of Raiffeisen Bank Polska SA on the stock EXCHANGE (IPO) is subject to allocation of loans frankowymi and connecting it with Raiffeisen Bank International AG (Bank mother) and acquisition of parts without loans shares of the national Bank. Must occur before the end of the year. (PAP)
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