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PKO Bank to consider buying Commerzbank's mBank stake, CEO says

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PKO Bank to consider buying Commerzbank's mBank stake, CEO says

PKO Bank Polski SA CEO Zbigniew Jagiełło said the Polish lender will consider the possibility of purchasing mBank SA if Germany's Commerzbank AG officially puts it on the market, Reuters reported.

Commerzbank, which plans to offload its 69.31% stake in mBank to fund its new strategy, is reportedly seeking potential buyers for the stake, with a formal sale process expected to be launched in the coming months.

Polish Finance Minister Jerzy Kwieciński recently said the country's state-run financial institutions should consider buying the stake.