BGZ plans to increase sales via organizational changes

"We will invest around zl.27 million in modernization and expansion of the network of our outlets and zl.64 million in IT this year," declared BGZ president Jacek Bartkiewicz. The bank is to develop mainly in smaller cities. The company is also to re-brand its outlets and introduce a new logo, which will cost approximately zl.7 million. "Our aim is to increase our share in the market from 2.4% to 4.6% in terms of revenues, to decrease the cost to income ratio from 85% to 65% and to increase our ROE from 6.7% to 15%," declared Bartkiewicz.(Puls Biznesu, p. 9; Parkiet, p. 6) E.B.