BGZ bank to launch franchise outlets in small towns

opublikowano: 25-01-2008, 09:56

Warsaw (Puls Biznesu) – BGZ adds 150 franchise outlets and 30 ones of its own

In the first half of 2008, BGZ will launch 5-6 first franchise outlets. Then, the network will be developed all over the country. Within 18 months, there should be 150 of them. Besides, the bank will launch 30 outlets of its own and have 290 of them altogether. Only several of them will be located in big cities, the majority will be founded in smaller towns.

Jacek Bartkiewicz, BGZ CEO, said it’s impossible to say now how much will the expansion cost. He believes, however, that despite bigger spending, and worse market situation than last year, the bank will have at least the same net income as in 2007. According to not audited results, last year BGZ had over PLN 190m (EUR 52.4m) of net income last year against PLN 102m in 2006.

(PLN 1 = EUR 0.276)

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