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Headline: Foreigners buy up Poland’s banks Source: Euromoney Date: September 2000 Author: Ronan Lyons Poland suffered a dramatic bank collapse earlier this year and non-performing loans are building up on the balance sheets of many survivors. But there’s little need to panic. Poland has sold its banking system to foreign entrants attracted by the country’s growth potential. Lots of Poles don’t like what has happened. But it may be the model for the rest of the region. Ronan Lyons reports In May this year Piotr Bykowski, controlling shareholder in Poland’s Bank Staropolski, tried to escape from prosecutors by jumping from the second-story window of a Poznan court building, breaking an arm and leg and injuring his spine in the process. | |||||||||||||||||||||||||||
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