BRE Bank looks to expand across borders

According to company president Slawomir Lachowski, by the end of the year BRE Bank will make a decision about entering the Czech Republic and Slovakia with mBank's business model, with the final decision to be made by the bank's owner Commerzbank. This investment in neighboring markets is expected to generate returns in two to three years. The company is also looking to expand mBank and offer consumer loans, with a view to this offer being ready by the beginning of next year. Unofficial reports say that this will also include cash and car loans. BRE Bank is also preparing a new push in the private banking market. Here the company owns Skarbiec Investment Management, a subsidiary that it wants to re-launch as BRE Wealth Management to take the top position in the wealth management market. The company also has the insurance market in its sights with the launch of BRE Ubezpieczenia set for the beginning of next year. (Puls Biznesu p.12) M.M.