EBRD completes exit from BNP Paribas Bank Polska

• EBRD exits BNP Paribas Bank Polska, selling its remaining 2.9 per cent stake
• Transaction marks the completion of the EBRD’s role as a long-term equity investor
• Sale executed through an accelerated bookbuild placement on the WSE

The European Bank for Reconstruction and Development (EBRD) has exited its investment in BNP Paribas Polska (BNPP PL). The Bank sold 4.355 million shares in an accelerated bookbuild placement on the Warsaw Stock Exchange (WSE).

The shares sold on 19 June 2026 represent 2.9 per cent of BNPP PL’s total share capital. The transaction completes the EBRD’s divestment, following a partial sale carried out in July 2025, when the Bank sold 2.345 million shares representing 1.6 per cent of BNPP PL’s total shares.

The EBRD acquired a 4.5 per cent stake in the Polish lender in 2018 to support BNPP PL’s acquisition of the core assets of Raiffeisen Bank Polska and the strengthening of BNPP PL’s operations. The increase in BNPP PL’s free float, which reached 25 per cent in December 2025, is a positive development, supporting enhanced stock liquidity and the development of local capital markets. The EBRD’s sale further facilitated this objective.

Throughout the holding period, BNPP PL has successfully integrated Raiffeisen Bank Polska’s operations and strengthened its own operations. The lender has achieved a sustainable business model and enhanced performance, while successfully navigating sector‑wide challenges and committing to supporting sustainable growth in Poland.

The EBRD’s sale of its remaining stake further increases the liquidity of BNPP PL’s shares on WSE.

BNPP PL, a subsidiary of the French Group BNP Paribas, is a universal Polish bank. It is listed on the WSE. BNPP PL offers financing products to a broad range of customer segments and aims to be a leader in sustainable finance.

In 2025, the EBRD invested €1.36 billion in Poland. Since cooperation began in 1991, the EBRD has committed over €16.9 billion to 600 projects in the country, of which 95 per cent has been in the private sector.