PZU insurer plans no new banking M&A

Poland’s insurance group PZU is planning no new acquisitions in the banking sector but its banking units Alior Bank and Pekao might consider such investments, PZU CEO Pawel Surowka told PAP.

„At this stage of our development, we have satisfied our appetite for acquisitions in the banking sector,” Surowka declared. „Now the main goal is to build adequate mechanisms, procedures and resources to reap benefits stemming from the takeover of Alior Bank and Pekao.”