Shares in Nigerian banks such as Skye Bank Plc , Access Bank Plc , Diamond Bank Plc and First City Monument Trust Bank Plc are poised to gain after the state-owned company that will buy bad debts from lenders provided more detail on how it will operate, Renaissance Capital said.
OAO Sberbank, Eastern Europe’s biggest lender, is a top pick for analysts at Bank of America Corp. and UBS AG on bets a government clampdown on smaller banks will boost the state-controlled company’s market share.
Alior Bank SA’s main shareholder, Carlo Tassara SpA, is working with UBS AG to sell at least 30 percent of the bank that held Poland’s biggest initial public offering last year, three people familiar with the matter said.
Bank Pekao SA, Poland’s second- biggest lender, dropped the most in more than two years after UniCredit SpA said it was selling as much as 9.1 percent of its local unit to free capital and increase earnings.
Warsaw equity sales in January, the largest in Europe, beat the total value of last year’s deals and will rise more with a KBC Groep NV sale as Poland boosts investments to spur the economy and lenders shore up finances.