The Pak Banker - - FRONT PAGE - Ac­qui­si­tions out­side Spain

Caix­a­bank is not plan­ning any ac­qui­si­tions out­side Spain, the len­der's chief ex­ec­u­tive said on Fri­day, deny­ing re­ports it is bid­ding for Gen­eral Elec­tric's (GE) Pol­ish Bank BPH.

Ear­lier on Fri­day, Pol­ish daily Puls Biz­nesu said Caix­a­bank, Italy's UniCredit, Pol­ish bil­lion­aire Leszek Czarnecki and lo­cal in­surer PZU were all in the race for BPH, Poland's No. 11 len­der in terms of as­sets. "We're not look­ing for ac­qui­si­tions out­side Spain," Caix­a­bank CEO Gon­zalo Gortazar said dur­ing a we­b­cast with an­a­lysts, ac­cord­ing to a spokesman for Caix­a­bank.

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