BWE rebrands as Meritum Bank and widens its scope
In Q2 2008 the company, which is 90 percent owned by Innova Capital, will start to run bank accounts. For the time being the bank, whose portfolio of loans stands at zł.180 million while deposits stand at zł.400 million, only offers cash loans and structured deposit, but later this month will launch a new credit product.
"We are working on designing an offer for clients with a medium income of at least zł.5,000, as well as small enterprises," said Mariusz Karpiński, president of BWE. He went on to say that in most cases such persons already have accounts with other banks so Meritum will fight for clients and try to directly woo them away from other banks.
At the end of 2009 the number of outlets is expected to grow from 5 to 50, while employment will increase from 220 to 600 persons. Within five years the institution plans to acquire 300,000 clients and in this way control 4-6 percent of the market.
Sources: Parkiet, Rzeczpospolita, Puls Biznesu (M.M.)
"We are working on designing an offer for clients with a medium income of at least zł.5,000, as well as small enterprises," said Mariusz Karpiński, president of BWE. He went on to say that in most cases such persons already have accounts with other banks so Meritum will fight for clients and try to directly woo them away from other banks.
At the end of 2009 the number of outlets is expected to grow from 5 to 50, while employment will increase from 220 to 600 persons. Within five years the institution plans to acquire 300,000 clients and in this way control 4-6 percent of the market.
Sources: Parkiet, Rzeczpospolita, Puls Biznesu (M.M.)
