Andrzej Posiadlo tipped for president at bank PKO BP

The supervisory board of leading state-owned retail banking giant PKO BP has put forward the candidacy of Andrzej Podsiadlo as the bank's new president, to take the helm next month. It appears that Bank Handlowy president Cezary Stypulkowski, who also had been listed as a serious candidate for the post, would not be free to take the position as early as that. Analysts are divided in their opinions about Podsiadlo, who was previously president of Powszechny Bank Kredytowy (PBK), before it was merged with BPH. "He is an experienced banker, who has already worked in a large bank and supervised privatization processes [which he would have to do again at PKO BP]," said DM BIG BG analyst Marcin Materna. Meanwhile, another analyst who preferred to remain anonymous, claims that under Podsiadlo's management, PBK did not use its potential well enough and offered poor retail products. (Puls Biznesu, p. 9) T.J.