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Poland: PKO BP Cuts Down on Business in Ukraine

Published: March 18, 2014; 11:07 · (Vindobona)

The Polish top lender PKO BP’s Ukrainian affiliate Kredobank closed four of its six branches in Crimea in the past two weeks.

PKO BP still has to decide on the fate of its branches in Ukraine. / Picture: © PKO Bank Polska

This step was announced by the lender’s strategy and investment director Pawel Borys to Polish news agency PAP. "Our presence in the eastern part of the country and in Crimea is very small," Borys said. "In Crimea alone we had six branches, four of which we decided to shut over the past two weeks."

According to Borys, the two remaing bank shops are stable. However, the bank…

This article includes a total of 90 words.

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