The fourth attempt to choose PKO BP CEO turned out to be lucky. Rafal Juszczak, the temporary CEO in the last months, has been appointed. Four people were appointed deputy CEOs.
“We first of all want to implement the strategy faster. We plan to accelerate the development of retail and corporate banking. We want to be the first-choice bank for all big Polish companies. We also want to make use of the fact that the state is our main shareholder. That’s why we should be number one bank for all companies whose main shareholder is the state”, Rafal Juszczak believes.
The next diligent issue is IT development which should end next year. The Eastern expansion plans promised for the last two years, will finally be implemented.
“We have held preliminary talks with EBRD to implement joint investment projects in the region”, Rafal Juszczak said. Marek Gluchowski, PKO BP chairman, will see to that the bank has capital for its plans.
“PKO BP needs billions of zloty. One of the options considered is a stock issue. Raising the capital is absolutely necessary due to very fast growth of the business”, Marek Gluchowski believed.
In his opinion, such a big financial institution cannot make without insurance. No decisions have been made yet but PKO BP plans to have its own insurance company. Marek Gluchowski assured that dividend would be paid out but how high will depend on the capital increase. The new management considers PKO BP share issue directed to Bank Pocztowy, the postal bank. The state could keep 50 percent stake in the bank.