Bank Handlowy plans to increase its rate of development

The newly appointed head of Bank Handlowy (BH), Sławomir Sikora, announced t hat a new strategy, which will be created within two months, would significa ntly increase the company's rate of development in order to meet the effecti veness indicators typical for the Citibank group. "BH has been developing mu ch slower than it was actually capable of, considering its potential. That i s why we will work on increasing the rate of development," said Sikora. The bank has a solvency ratio of 18%, the highest among the largest banks. "It w ould be enough for us for it to be between 9% and 11%. The Citibank Group, t o which we belong, has a standard investment return of 20%, and a costs-to-r evenues ratio below 50%. The aim of the new strategy is to reach that level of effectiveness," announced Sikora. (Puls Biznesu, pp. 1, 4; Rzeczpospolita , p. B5) A.K.