Bank summit: Austria's largest bank wants to increase stake in Polish subsidiary
The Erste Group entered Poland last year. Its CEO, Peter Bosek, considers hostile takeovers in the banking sector to be problematic.
Austria's Erste Group is considering increasing its stake in its Polish subsidiary, Erste Bank Polska. The bank acquired 49% of the former Santander subsidiary in Poland last year for €6.8 billion. Erste Group's CEO, Peter Bosek, stated that they would like to own more of the bank if possible, but must wait for the right moment and have sufficient capital. The Polish economy has been growing steadily, with a 3% increase last year. The integration of Erste Bank Polska is expected to take 1.5 to 2 years.
Written by urgent.news from Handelsblatt's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.
