Demand for credit insurance policies is growing. The Corporation for Export Credit Insurance (KUKE) insured $2.55bn worth of exports in 2004, a 50 per cent year-on-year growth.
Fortis has announced the appointment of Alexander Paklons as country manager for Poland.
Raiffeisen Bank Polska (RBP) closed 2004 with a record net profit of PLZ.165.4 billion which is almost double the figure from 2003.
In 2004 the bank increased the value of granted loans by 17% while the deposits grew by 8%.
The shareholders of the Myslowice-based factoring company Eurofaktor have entered negotiations with financial investors interested in the acquisition of a 20-per cent stake in the company.
Parliament has passed a new law creating a so-called National Capital Fund (KFK) that is to promote commercial innovation.
Eurofaktor, Poland's biggest non-banking factoring company, had a successful debut on the Warsaw stock exchange yesterday. Right from the start, it rose 3.1 per cent higher than the issue price as its shares were traded at ZL18.55 a piece.
The EU Programme for Promotion of Entrepreneurship (PfE) will enable thousands of Poles to set up their own businesses. They could receive ZL20,000 initially and a ZL700 monthly grant to last for up to a year.
Eurofaktor, Poland's fifth-largest factoring firm plans to float over 2.4 million shares.
Eurofaktor, Poland's biggest non-banking factoring company, has increased its net profit and turnover forecast for this year.