BWR approaching transformation into Polish branch of Deutsche Bank 24

Krakow-based Bank Wspolpracy Regionalnej (BWR) will be officially transformed into a Polish branch of Deutsche Bank 24, the retail arm of the largest German bank. BWR's by-laws will be radically changed at the next shareholders' meeting, set for April 18. The transformation project should be easily approved, since the Germans control 91.68% of the bank's share capital, which will subsequently be transferred to Deutsche Bank 24. The official transformation of BWR into Deutsche Bank Polska will take place on July 1, according to Tessen von Heydebreck, Deutsche Bank board member. The new retail chain will include 33 existing BWR outlets, with the main office remaining in Krakow. Deutsche Bank 24 plans to extend its activity to other Polish regions and to launch both call-centers and Internet banking services. (Prawo i Gospodarka, p.8) M. S.-C.