Even the most profitable foreign-owned banks in Poland could go on sale, as Europe’s biggest financial institutions are being kept in suspense by the struggling European financial sector. “The pressure on the European banks caused by the debt crisis could end up with the sell off of Polish branches,” says Poland Poland National Bank’s chief, Marek Belka. This could happen despite their healthy results, he adds.
This scenario still seems unlikely, says Łukasz Wróbel from Noble Securities, but in view of recent developments, it could well turn out to be the long-term result. Within the last three years, the number of the sell offs in the Polish financial sector was quite high, with BZ WBK, Polbank EFG, WestLB Bank Polska banks offloaded over the period.
