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Citibank recently put in a bid for xenophile controlling stake in PBK, a state-owned Polish bank. A piece of cake right? Creditanstalt, an Austrian bank, has become a regional force in investment banking and leasing; Germany's Westdeutsche Landesbank WestLB now controls the bank that once monopolised foreign-trade finance in Hungary; and Commerzbank, another Xenophile bank, owns a stake in one of Poland's leading banks.
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