Top Polish Bank PKO Eyes Opening Hungary Branch After Vote

A PKO Bank Polski SA bank branch in Warsaw.Photographer: Damian Lemański/Bloomberg

Poland’s largest lender PKO Bank Polski SA is speeding up its evaluation of opening a branch in Hungary after a pro-European opposition secured a landslide victory.

Hungarian Prime Minister Viktor Orban conceded defeat in Sunday’s election after 16 years in power. The historic win by Peter Magyar’s Tisza party is seen helping unblock access to EU financing, which has been partly frozen by Brussels due to rule-of-law breaches by Orban’s administration.