Mergers Not Yet Over in Banking Sector
Polish News Bulletin; May 8, 2002

Nordea's take-over of LG Petro Bank has not yet brought an end to a chain of
mergers and take-overs in Poland's banking sector. Analysts list a number of
potential candidates, starting with Inteligo internet bank, rumoured as a
potential partner for Commercial Union, which has been pondering over
whether to open its own financial institution for over 2 years. Other banks
described as "interesting" for foreign investors include BISE, Poznan's
Invest-Bank, Lodz's Bank Przemyslowy, Bialystok's Bank Wschodni, and
Lublin's Wschodni Bank Cukrownictwa. ING BSK and Pekao SA are mentioned
respectively as potential investors for the latter two, yet the
representatives of both potentates refuse to comment on such allegations.
lkgr 8 May issue of Prawo i Gospodarka, p. 3

za FT

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Amra the Freelancer
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