April 28, 2020 / 9:12 AM / a month ago

Santander Polish unit says not interested in mBank at moment

FILE PHOTO: Commerzbank's Polish unit mBank's logo is seen in Warsaw, Poland October 31, 2019. REUTERS/Kacper Pempel

WARSAW (Reuters) - Santander Bank Polska (SPL1.WA) is not interested in buying its rival mBank (MBK.WA) at the moment, its Chief Executive Officer Michal Gajewski said on Tuesday.

Gajewski also told a news conference that he was unable to provide a net profit forecast for 2020, because of the coronavirus pandemic.

The bank reported a 50% net profit slide in the first quarter, it said earlier on Tuesday.

Reporting by Marcin Goclowski, editing by Louise Heavens

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