Arab Today, arab today sberbank wants to buy two polish banks
Last Updated : GMT 01:27:57
Arab Today, arab today
Arab Today, arab today

Sberbank wants to buy two Polish banks

Arab Today, arab today

Arab Today, arab today Sberbank wants to buy two Polish banks

Moscow - Ria Novosti

Russia\'s top lender Sberbank, which has recently agreed an acquisition of Austria\'s Volksbank, is considering buying two large Polish lenders, Millennium and Kredyt bank, Kommersant business daily quoted on Tuesday investment banking sources as saying. \"At the moment, Sberbank is looking at Millennium and Kredyt bank, which are up for sale,\" a source familiar with the situation said. Another source said Sberbank had been showing interest in the Polish market for a long time and was interested in several banks there. Bank Millennium is a subsidiary of one of Portugal\'s largest private lenders, Banco Comercial Portugues SA, which owns 65.5 percent in Millennium. It is Poland\'s sixth largest by assets. Kredyt bank, the country\'s seventh largest, is a subsidiary of Belgium\'s KBC Group, which owns 80 percent in the lender. Both banks are up for sale due to a change in the parent company\'s policy. Sberbank, which is losing market share at home, has been focusing on international expansion. CEO German Gref has said that the banks wants to earn at least five percent of net profit from international operations and is also eyeing Turkey. \"Should the deal take place, we expect the bank might acquire the new assets relatively cheaply ... given the current turbulent situation,\" VTB Capital said in a research note. \"However, we also think investors could react negatively to the bank expanding further (geographically), after the recent acquisition of VBI and Troika Dialog, the consolidation of which could tie up management\'s efforts (while the complicated situation on the global markets requires Sberbank to concentrate on its domestic business).\"  

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today sberbank wants to buy two polish banks Arab Today, arab today sberbank wants to buy two polish banks

 



Arab Today, arab today
Arab Today, arab today Prepares to present her new collection

GMT 14:29 2017 Monday ,20 February

Prepares to present her new collection
Arab Today, arab today Tourism shows signs of recovery

GMT 09:59 2017 Monday ,20 February

Tourism shows signs of recovery
Arab Today, arab today Sarah Belamesh designs antiques of "ceramic"

GMT 19:45 2017 Monday ,20 February

Sarah Belamesh designs antiques of "ceramic"
Arab Today, arab today Optimism on the front line

GMT 07:24 2017 Monday ,20 February

Optimism on the front line
Arab Today, arab today Murder of 2 reporters in Dominican Republic

GMT 22:45 2017 Thursday ,16 February

Murder of 2 reporters in Dominican Republic
View News in Arabic - Business: مصارف
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Kidogo provides childcare for underserved

GMT 20:24 2017 Wednesday ,15 February

Kidogo provides childcare for underserved
Arab Today, arab today Tragic fluctuations of Bakhtiari's life revealed

GMT 06:50 2017 Wednesday ,15 February

Tragic fluctuations of Bakhtiari's life revealed
Arab Today, arab today London to tax old cars

GMT 14:06 2017 Friday ,17 February

London to tax old cars
Arab Today, arab today Pluto's unruly moons

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons
Arab Today, arab today Nissan enhances sales in most markets

GMT 14:08 2017 Monday ,20 February

Nissan enhances sales in most markets
Arab Today, arab today Competes Sweden and Germans by S90

GMT 22:36 2017 Thursday ,16 February

Competes Sweden and Germans by S90
Arab Today, arab today Egypt to hold first session of Arab film festival

GMT 21:11 2017 Saturday ,18 February

Egypt to hold first session of Arab film festival
Arab Today, arab today Teach monkeys to recognize themselves in mirror

GMT 20:41 2017 Wednesday ,15 February

Teach monkeys to recognize themselves in mirror

GMT 07:30 2017 Saturday ,18 February

Actress Nadeen Al Rassi views art as her entity

GMT 06:40 2017 Friday ,10 February

MP calls for removing text from Islamic story

GMT 19:10 2017 Friday ,17 February

Hats, scarves add beauty to women

GMT 10:26 2017 Tuesday ,14 February

Emergency UN meeting in Harare

GMT 23:29 2017 Thursday ,16 February

Home built on sand castles-style costs $8m

GMT 21:49 2017 Thursday ,16 February

Scientists develop new therapy

GMT 19:16 2017 Friday ,17 February

Aziz House ready to host the tourists

GMT 13:12 2015 Saturday ,09 May

Sheikh Sultan opens Sharjah Centre

GMT 12:39 2017 Monday ,20 February

newest smartphone another winner for Huawei

GMT 13:16 2017 Tuesday ,14 February

First fashion model with Down syndrome
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday