PZU insurer has no plan to sell Pekao or Alior banks, says state assets deputy minister

Listed insurance group PZU has no plans to sell either Pekao or Alior Bank, deputy minister of state assets Robert Kropiwnicki told the lower chamber of Polish parliament, Sejm.

"There are no intentions to sell any of the banks. There are no plans," Kropiwnicki said.

In a recent interview published by PAP Biznes, the state assets minister Jakub Jaworowski assessed that having two banks in the group was problematic for PZU and caused many challenges.

He said that PZU's management board will propose in its strategy what to do with Pekao and Alior Bank. The minister cautioned that it is difficult to imagine increasing the State Treasury's stake in the banking sector.

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