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I UNDERSTAND
English Section

Polish bank PKO BP set to expand into Slovakia

13.02.2020 07:55
Poland’s largest bank PKO BP will soon start operating in Slovakia, public broadcaster Polish Radio’s IAR news agency has reported.
Maks Kraczkowski
Maks KraczkowskiPhoto: PAP/Rafał Guz

It cited a senior executive as saying that the Polish state-run bank was set to open a branch in Bratislava to serve corporate clients.

"We have been ready for weeks to launch banking operations in Slovakia," Maks Kraczkowski, vice president of PKO BP, told a news conference in Warsaw on Wednesday.

“We are waiting for administrative decisions to be issued,” he added, as quoted by the IAR news agency.

Kraczkowski told reporters his bank was also thinking of expanding into other international markets where such a presence would have a “strong business justification.”

PKO BP is already active in Germany and the Czech Republic, where it provides corporate banking services, and it is also a strategic shareholder of Ukraine’s KredoBank, the IAR news agency reported.

(gs/pk)

Source: IAR