Amerbank strategy shake up ready to roll in Q4

In the fourth quarter Amerbank plans major changes. It will introduce retail products accessible through the Internet, move its headquarters, look for a partner to merge with, and may begin cooperation with bank BISE. To assist this strategy, Amerbank will introduce a new zł. 20 million integrated IT system which will also be part of its strategy to change the bank's image. "We will move to new offices in Warsaw, but I cannot reveal whether the banks name and logo will change," said the bank's president Waldemar Maj. Thanks to the new IT system, Amerbank will be able to expand its range of operations fivefold and be able to offer its services to other banks which do not have their own systems. "Now most banks want to merge, but the problem is that the ones for sale are usually in a bad financial state. Nobody wants to dispose of good companies," believes DI BRE Bank analyst Andrzej Powierża. (Puls Biznesu, pp. 1, 5) M.M.