May 24 Poland’s financial regulator KNF said on Tuesday it has given Austria’s Raiffeisen Bank until the end of 2016 to sell its Polish unit and if it can’t find a buyer it must list a stake next year.

When Raiffeisen bought the bank, Raiffeisen Polbank IPO-RBP.WA, in 2012 it agreed with the regulator to list at least a 15 percent stake by the end of June 2016 in an initial public offering. Since then it decided to sell the bank because it needed the money. Read more…