BZ WBK to spend PLN 400m this year

opublikowano: 14-01-2008, 10:52

Warsaw (Puls Biznesu) – The bank owned by Irish AIB will pay a lower dividend that it did after 2006. The reason: investments planned in Poland.


BZ WBK is going to spend PLN 400m (EUR 111.7m) for investments this year. The bank plans to double its market share to 10 percent in 2012. That’s why the company plans to launch offices in these parts of Poland where competition is slightly smaller.
“We want to become a bank which is close to local people. We are going to be present in smaller towns where there are not so many banks”, Mateusz Morawiecki, BZ WBK CEO said.

The bank will launch 100 offices this year.

“This is the maximal number of offices. If the economy slows down, we will change it”, Mateusz Morawiecki stressed.


The second pillar of this year’s strategy is private banking.

“This will be similar to services offered in Western Europe. Today, private banking in Poland has been a mixture of personal banking and asset management”, Mateusz Morawiecki said.

Private Banking BZ WBK will specialize in credits.

(PLN 1 = EUR 0.279)

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Podpis: MG