PKO BP, the top Polish lender, is looking at the possible purchase of Belgian KBC Groupe's unit in the Czech Republic as part of its regional group. The unit is CSOB and this acquisition was confirmed by PKO CEO Zbigniew Jagiello.
In an interview with reporters, Jagiello said, "We are limiting our interest with foreign markets to the geographically close region. We are thinking about the Czech market and in this context we are thinking about the possible sale of CSOB by KBC."
He further added that he is expecting the sale of Bank Millenium of Poland, though the transaction is being disavowed by its ownership, Millennium BCP, be part of the agenda of his bank's acquisition come September of 2013.
On another note, Jagiello also mentioned that the Polish unit of Nordea of Sweden, Nordea Bank Polska is also in the bank's sights for a possible takeover this year.
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