Bank Gospodarki Zywnosciowej SA : Rabobank may sell its Polish arm BGZ this year - report
June 28, 2013 at 06:22 am
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WARSAW (Reuters) - Dutch Rabobank may sell its Polish mid-sized lender, BGZ (>> Bank Gospodarki Zywnosciowej SA), this year in a deal that could be worth around 2.7 billion zlotys (550 million pounds), the daily Parkiet reported on Friday without naming its sources.
WARSAW (Reuters) - Dutch Rabobank may sell its Polish mid-sized lender, BGZ (>> Bank Gospodarki Zywnosciowej SA), this year in a deal that could be worth around 2.7 billion zlotys (550 million pounds), the daily Parkiet reported on Friday without naming its sources.
Rabobank's local rival, ING Groep (>> ING GROEP), French lenders BNP Paribas and Credit Agricole, as well as Polish Getin (>> Getin Holding SA) are in the running for BGZ, which bases its business mainly in rural areas, the report said.
Neither of the parties was immediately available for comment.
(Reporting by Adrian Krajewski; Editing by Matt Driskill)
BNP Paribas Bank Polska SA, formerly Bank BGZ BNP Paribas SA and Gospodarki Zywnosciowej SA, is a Poland-based bank. The Bank divides its operations into three segments: Retail Banking includes sales of products and services for individuals, such as current and deposit accounts, term deposits, granting of housing loans and cash loans, mortgage loans, revolving loans, overdrafts, issuing debit and credit cards, service of foreign cash transfers, entering into foreign exchange transactions, among others; Institutional Banking includes sales of products and services for enterprises, companies and cooperatives, individual entrepreneurs, individual farmers, non-profit institutions and public sector entities; and Financial Markets, Assets and Liabilities Management covers activity in the area of financial markets and liquidity management.