AIB dismisses sale of stake in Polish bank

AIB moved quickly yesterday to rubbish speculation that it is on the verge of disposing of its 70% stake in Polish Bank Zachodni WBK.

Merrion Stockbrokers analyst Séamus Murphy contacted AIB first thing yesterday to discuss speculation in the Polish press in Warsaw. In a note to clients yesterday, Mr Murphy said AIB appears very committed to ownership of its Polish franchise, contrary to rumours in the Polish press.

“We spoke with AIB management regarding rumours circulating in the Polish media that it was in talks with Bank Pekao regarding a possible sale of its 70% stake in Zachodni WBK.