Deutsche Bank launches retail operations in Poland

Deutsche Bank Polska made its debut on the retail banking market yesterday, with the opening in Warsaw of two branches of its retail outlet, Deutsche Bank 24 (DB24). At the same time, 33 other branches opened across Poland, in premises belonging to Bank Wspolpracy Regionalnej (BWR), in which Deutsche Bank is the strategic investor. "We are the first bank in the DB24 group outside Germany," said company spokesman Franciszek Palowski. He added, "We plan that in 2001 the number of our branches will increase to 40, with the new ones being established in the major cities of central and northern Poland." Customers of DB24 will be able to conduct their account transactions through Euronet cash machines and by phone. An on-line service will be launched within the next few months. (Puls Biznesu, p. 6) P.J.