Poland: Bank Pekao with Ambitious Plans

Business › n.a. ♦ Published: March 12, 2014; 15:40 ♦ (Vindobona)

Polish lender Bank Pekao intends to reduce costs and risks, and raise the number of clients by around one million until 2020.

"Most important plan" is to increase the number of clients / Picture: © Flickr / olemiswebs

Bank Pekao intends to reduce the cost to income ratio (C/I) to below 42 percent until the year 2020 from currently 47 percent. Moreover, the Polish lender wants to reduce the cost of risk (CoR) to 0.5 percent until 2020 from currently 0.7 percent. Additionally, the number of clients is supposed to increase by around one million by then, the bank announced during its presentation of the…

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