CC-Bank to change name and up sticks from Poz

CC-Bank, one of the smallest banks on the market and which is owned by the Spain's Santander Central Hispano, is set to be a thing of the past by the end of the year, with the company's management board applying to the Banking Supervisory Commission for permission to change its name to PTF Bank and to move from Poznań to Wrocław. According to Grzegorz Jurczyk, CC-Bank's deputy president, despite suffering losses in the first year of the bank's operations, 2004 as a whole should see positive financial results. "By the end of the year we want to integrate our activity with the Polish Financial Association (PTF), and over the next year we will develop our products offered," Jurczyk announced. The introduction of new banking products will be dependent on the needs of clients and various economic considerations. So far, the bank's product portfolio has been limited to offering car and housing credits. (Puls Biznesu, p. 10) A.F.