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Report: Commerzbank's Polish unit leads race for Deutsche Bank's Polish ops

Polish lender mBank SA is interested in acquiring Polish zloty-denominated deposit and loan portfolios from Deutsche Bank Polska SA, a unit of Deutsche Bank AG, Puls Biznesu reported June 7, citing a Bloomberg News report.

Commerzbank AG-controlled mBank is the leading candidate to buy those assets, with representatives of PKO Bank Polski SA and ING Groep NV unit ING Bank Slaski SA saying they are not interested in them, according to the report.

Deutsche Bank plans to sell part of the Polish assets, but wants to hold on to its corporate business and is required by the Polish Financial Supervision Authority to keep its Swiss franc-denominated loan portfolio, the news outlet said.

The German parent decided to sell its Polish operations as part of its drive to exit noncore businesses, Reuters said at the end of May, also mentioning Millennium BCP unit Bank Millennium SA and Bank Zachodni WBK SA's owner Banco Santander SA as potential buyers.