[ad_1]
Fot. IAN LANGSDON
The French bank of agricultural credit could soon disappear from the Polish market
The French bank of agricultural credit could withdraw from the Polish market. The information is disclosed by Reuters, which will turn to two sources inside the bank.
"The Polish branch of Crédit Agricole is for sale" – an anonymous informant reported to the agency. Her owl had to be confirmed by another person.
Reuters writes that Crédit Agricole on the Polish market does not compete with larger players. The assets of the French group amounted to 33 billion zlotys, nine times less than the leader on the domestic market PKO BP
. Disappearing traditional banks
Two French solutions are before the French. The sale of the branch or the transfer of one of the actors in the Polish market.
Reuters informs before the month that Crédit Agricole is among the investors interested in the purchase of Eurobank. Now, he writes about the second scenario
The Agency points out that the Polish market has become very competitive because of low interest rates and regulatory pressures. This leads to a reduction in the margins of lenders.
As a result, small banks are not able to provide shareholders with satisfactory profits.
Do you have news, a picture or a video? See us through historiasie.wp.pl
Source link
