BOS prepares to double number of branches by 2005

Bank Ochrony Srodowiska (BOS) has drafted a new strategy for 2003-2005, whereby the bank plans to expand faster than the banking sector as a whole. At the beginning of 2003 BOS hopes to sign a contract for the purchase an integrated IT system to service its entire network. It already has prepared a shortlist of potential suppliers. "We have 58 branches and by the end of 2005 we will open another 52," said BOS president Jozef Koziol. Thanks to doubling the number of its branches BOS will be able to enter new strategic markets. "It will be a universal bank, but at the same time it will specialize in financing environmental projects". (Puls Biznesu, p. 6) A.Z.