BGK CEO ends restructuring

opublikowano: 21-03-2007, 12:52

Warsaw (Puls Biznesu) – The state-owned bank does not want to be just a common financial institution.

In 2006, BGK, Poland’s only 100 percent state-owned bank, had PLN 165m (EUR 42.6m) of net income, or three times more than in 2005.

“BGK is able to have PLN 250-300m of net income. We wait for the supervisory board to approve of our strategy”, Wojciech Kurylek, BGK CEO said.

The bank needs an increase of its capital, the same as last year. The priority will be increasing sales, development of IT and risk evaluation systems. The bank is also going to start operations on the retail market.

“We will soon present our strategy for the upcoming 4-5 years”, Wojciech Kurylek said.

He estimates that without an investment of several hundreds million zloty it won’t be possible to operate on a large scale.

(PLN 1 = EUR 0.258)

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