Warsaw (Puls Biznesu) – Societe General is still waiting for the approval of Poland’s banking authorities to buy 93.35 percent of Eurobank, one of the country’s smallest financial institutions as far as assets are concerned. “We hope our partner will get the approval in July”, Slawomir Lukasiewicz, Eurobank CEO said. Meanwhile, he has already prepared strategy, to take advantage of its partner’s strength to develop.
Firstly, the number of outlets will grow. “Today, we have 127 outlets. Till year-end, we will increase them to 165. We are working to prepare franchise offers”, Slawomir Lukasiewicz enumerated. He added that cash credits will be the bank’s main product. Eurobank would also like to introduce internet services this year. Jointly with its investor, the bank plans to sell more specialised products. “We are selling mortgage loans of four banks but we would like to have our own ones. We must agree with Societe General when and how to do that”, Slawomir Lukasiewicz said.
He counted that thanks to bigger offer, the credit portfolio and assets should at least double their values to, respectively, PLN 1.6 billion (EUR 397.3m) and PLN 2.5 billion.
(PLN 1 = EUR 0.248)Poland/Enterprises/Banks