AnaCap wholly acquires FM Bank

The GP will invest €200m for equity, recapitalisation and future growth of the company, sources told the FT.

AnaCap said it was seeking to take advantage of the underpenetration of the Polish banking sector in terms of loan-to-GDP ratio, which it said currently stands at around half the EU average.

The transaction will mark AnaCap's fourth venture in the banking sector, having recently partially exited Aldermore via a £650m IPO. Other such investments include Czech company Equa Bank and Malta's Mediterranean Bank.

Company
Founded in 2013 through the merger of Polski Bank Przedsiębiorczości and FM Bank, the new group operates under the Bank Smart and Biz Bank brands. It is headquartered in Warsaw and has 50 branches across Poland, with a net loan book of PLN 1.8bn and customer deposits of PLN 2.7bn.

People
George Koulouris is managing director at AnaCap.

• Tweet  
• Facebook  
• LinkedIn  
• Google plus  
• Send to  

• Topics
• Buyouts
• Financials
• CEE
• Poland
• AnaCap Financial Partners