Poland plans to acquire a stake in one of Ukraine’s leading state banks, such as Oschadbank or Ukreximbank, to strengthen its economic presence in the country and support the recovery of the Ukrainian economy.
This is reported by Finway
Polish Investments in Ukraine’s Banking Sector
Polish government circles are considering the possibility of acquiring a stake in one of Ukraine’s state banks. Currently, Poland is already a shareholder in Kredobank, and expanding its involvement in the Ukrainian banking sector will allow the country to provide additional support to Polish businesses during Ukraine’s extensive reconstruction.
Poland has also actively supported the European Union’s aid package to Ukraine amounting to 60 billion euros, becoming the fifth largest donor among the participating countries in this program.
“We hope that after a swift end to the war, or at least after a ceasefire, we can begin a grand plan for the reconstruction of Ukraine. This also means significant investments, substantial funds, and major initiatives. Poland wants to be part of them,” said Polish Prime Minister Donald Tusk.
Ukrainian Investments in Poland Are Growing
One of the sources for the Polish publication notes that Ukraine is currently investing more effectively in Poland than vice versa. Among the examples is the acquisition by Ukrainian businessman Volodymyr Petrenko of a controlling stake in Baltchem, a company specializing in the storage and transshipment of petroleum products.
Ukrainian companies are also active in the Polish coal market. In particular, Coal Energy is interested in purchasing Siltech to develop the Bobrek-Mechowice deposit on the border of Zabrze and Bytom, even after the mine is decommissioned. This Ukrainian company, listed on the Warsaw Stock Exchange, plans to extract 25 million tons of coal.