The privatisation of the largest domestic bank in Poland, PKO BP, might be delayed, but despite this, the fight to win clients from new sectors such as small- and medium-sized enterprises (SMEs) continues.
The management of the bank is fully aware that if Parliamentary elections are held this year, then its privatisation will be put on hold. According to analysts, the bank's profit in 2004 will be around zі.1.5bn, while a year earlier it amounted to zі.1.2bn. PKO BP hopes that with the renewed focus on SMEs, the sector will increase the loans it receives from the bank to zі.10-11bn, from the current zі.8bn.
Source: Warsaw Business Journal
