Tuesday 25 July 2017

Polish minister arrives to fight for stake in bank

POLISH deputy treasury minister Krzysztof Walenczak arrived in Dublin yesterday, to try and persuade NTMA officials to sell AIB's 70pc stake in Bank Zachodni to Poland's second largest lender, PKO Bank Polski.

Mr Walenczak, right, who is the Polish version of the NTMA's John Corrigan, was lobbying for the NTMA to favour the Polish option rather than Spain's Banco Santander and France's BNP Paribas.

Next week will tell whether Minister Walenczak's efforts have borne fruit. Sources say there was no meeting with Minister Brian Lenihan.

Irish Independent

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