Dom Finansowy to play key role in GMAC expansion plans

GMAC Bank Polska, formerly known as Opel Bank, announced plans to acquire a partner to help expand it loans granting network and distribution channels. "We are interested in cooperating with an intermediary, which specializes in granting car loans," said the head of GMAC Bank Polska, Mirosław Bieszki. According to unofficial information a potential candidate is Dom Finansowy QS, which already offers GMAC products. The bank, which controls assets of zł. 410 million, also hopes to increase its share of loans used by people to buy used cars. In mid 2003, the company will introduce new schemes, including an for company car and fleet purchases. GMAC, whose main shareholder is General Motors Acceptance Corporation, recorded net profits of zł. 14.9 million in 2002, and expects to make a similar profit this year. (Puls Biznesu, p. 12) A.K.