Dominet Bank plans 120 franchise operations in 2003

Dominet Bank, which was created from Lublin-based Cuprum Bank bought by Dominet, a company active on the car loans market, plans to open 120 new branches by the end of the year. "We want our bank to have an outlet in the capitals of all poviats," said Dominet president Robert Kowalski. The bank's directors have decided to apply a franchising system to develop its network. This system, also used by companies like McDonald's and Jean Louis David, assumes every branch is a franchise operation using a common format established by the franchisor. To enter the banking business, prospective franchisees must have zl. 150,000 up to zl. 200,000 at their disposal, but no banking experience is necessary. Unlike McDonald's, Dominet Bank provides its franchisees with an office. (Gazeta Finansowa, Feb. 8-14, p. 9) K.Z.