Allianz Bank allegedly to sell 56 branches to Alior Bank for EUR 7.5mn

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Date: 2010-09-02 08:16

Allianz Bank may soon sell its network of 56 branches to Alior Bank for a price of around PLN 28-30mn (EUR 7.5mn), according to unofficial sources of the Rzeczpospolita daily. The price of a single mid-sized branch is around PLN 0.5mn, the newspaper added.


Both sides declined to comment on the news. Alior Bank has a network of 175 branches. Both banks were launched in late 2008. Allianz Bank now has 50 thousand customers, while Alior Bank - owned by Italy's Carlo Tassara - 600 thousand.

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