Jaworowski: Having two banks is “problematic” for PZU
Kropiwnicki referred in this way to an interview from a few days ago, in which the head of the Ministry of State Assets, Jakub Jaworowski, citing market research, said that having two banks is “problematic” for PZU.
“There was not a single word about a sale. And this is very important and we will emphasize it with all our might: there is no intention to sell any of the banks,” said Kropiwnicki, answering questions from MPs in the Sejm.
Kropiwnicki: There is no sales plan
“We don’t have such a plan. And there has been no such announcement anywhere” – he added.
He clarified that in accordance with corporate governance PZU strategy prepared by the management board and approved by the supervisory board and the general meeting.
“For the record, it is worth mentioning and reminding that corporate governance is unambiguous. It is the management board that prepares the strategy, it is accepted by the supervisory board and the general meeting, where the minister is represented with shares at a level of approx. 34%, so it is not the minister who decides on the strategy directly, but the strategy is prepared by experts, prepared by the company, in order to achieve the synergy effect and to obtain the greatest possible benefits from actually owning these banks, and not from selling them,” said the deputy head of MAP in the Sejm.
The PZU Group is the largest financial institution in Central and Eastern Europe. The company has been listed on the WSE since 2010; it is a component of the WIG20 index.
(ISBnews)
