AIB Supportive Of HSBC As Possible Buyer Of Polish Unit-Report

6th Jul 2010 08:19

WARSAW (Dow Jones)--Allied Irish Banks PLC (AIB) is supportive of a bid by HSBC Holdings PLC (HBC) to buy its Polish unit Bank Zachodni WBK (BZW.WA) as AIB managers feel they owe HSBC for helping set up a "bad bank," Polish daily Dziennik Gazeta Prawna reports Tuesday without citing sources. HSBC was the financial adviser for setting up the National Asset Management Agency, into which the troubled AIB put some of its assets last year. The Polish daily says PKO Bank Polski (PKO.WA), Poland's top bank by assets, remains the most likely buyer of its Polish peer BZ WBK from AIB because it's favored by the Polish financial watchdog, offering a swift completion of the deal and the transfer of payment to AIB. Newspaper website: www.dziennik.pl -Warsaw Bureau, Dow Jones Newswires; +48 22 447 2432 (END) Dow Jones Newswires July 06, 2010 03:19 ET (07:19 GMT)