Austria’s Raiffeisen Bank International (RBI) is reportedly planning to sell its Polish arm Raiffeisen Bank Polska, which is its largest foreign unit after Russia.
RBI, which acquired Bank Polska in 2012 for 460m ($575m) from Greece’s EFG Eurobank, agreed with Polish regulators to take the unit public on the Warsaw stock exchange by mid-2016, or lists its own stock in Warsaw.
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However, the bank broadened its options and is now also looking at a possible full sale, people familiar with the development told Reuters.
RBI spokeswoman Ingrid Krenn-Ditz said no decisions have been made yet.
The bank will "focus on the most attractive areas" and "restructure or exit business activities which produce insufficient profitability or tie up too much capital," she said, without elaborating further.
Raiffeisen had hired Citigroup to manage the sale, Reuters’ report said.
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