Piotr Kaminski, the CEO of Bank Pocztowy, wants his bank to offer a deposit with interest rate depending on the results of the Polish football team.
“We needed to get approval from the Ministry of Finance which wanted to be sure that we offer a deposit and not a gambling game”, Piotr Kaminski said.
Every match won by the Polish football players means 1 percent more in interest rates. There is going to be 0.5 percent increase for a draw.
“The deposit is in fact a structured product with a minimal interest rate guaranteed”, Piotr Kaminski said.
The deposit may be founded also by clients of other banks. All they need to do is to have an online account, and to launch a deposit at Bank Pocztowy with the deposit value declared.
“We will take funds from the client’s account on the day subscription ends. Six months later, we will transfer his money plus interest”, the CEO explained.
If Leo Beenhakker’s team wins European championship, the bank will pay interest rate of 8 percent. Unless is manages to get out of its group, the interest rate will amount to 4.75 percent.
The bank wants to raise several millions zloty.
In the first quarter of 2008, Bank Pocztowy had PLN 8m (EUR 2.4m) of net income. In the first quarter of 2007, the income amounted to PLN 7m.
(PLN 1 = EUR 0.296)