The last of Poland’s large commercial banks to be privatized could prove to be the most troublesome. The clamour is growing among the opposition Left Democratic Alliance (SLD), and the more populist elements of the ruling centre-right coalition, for state savings bank PKO BP- the oldest and biggest of the country’s banks – to stay in Polish hands.
“Preposterous,” is the response of Henryka Pieronkiewicz, president of PKO. “There is no Polish strategic investor who could guarantee the capitalization which is vitally needed by the bank.
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