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Polish BZ WBK says organic growth takes priority over takeovers
January 30, 2014 / 10:02 AM / 4 years ago

Polish BZ WBK says organic growth takes priority over takeovers

WARSAW, Jan 30 (Reuters) - Poland’s No.3 lender Bank Zachodni WBK, a unit of Banco Santander, puts its focus or organic growth, but does not rule out placing a takeover bid if an opportunity arises, the bank’s chief executive officer said on Thursday.

“If someone waves a flag we’ll give it a thought, we don’t exclude that (placing a bid), but we are putting strong focus on organic growth,” CEO Mateusz Morawiecki told Reuters in an interview. (Reporting by Marcin Goclowski; Writing by Adrian Krajewski)

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