BGŻ BNP Paribas to improve ROE to 10% by 2018

Poland's eighth-biggest lender by assets BGŻ BNP Paribas, said in a filling that it wants to increase its ROE to around 10 percent, raise its share of the market in credits and deposits to five percent, and plans to increase its net banking income at a compound annual growth rate (CAGR) of 14 percent by 2018. The bank also wants to reduce its cost to income ratio to 55 percent. The lender has confirmed estimated total synergies resulting from the merger of BGŻ and BNP Paribas Bank Polska at PLN 350 million.