Eurobank prepares to invest Societe Generale's capital in its own expansion

The French want to buy 98.35% of Eurobank's shares from LOOK Finansowanie Inwestycji. "We hope that our new partner will receive the go-ahead in July," stated Sławomir Łukasiewicz, the president of Eurobank. He revealed that above all, Eurobank plans to develop its sale network. "We currently have around 127 outlets and by the end of the year we will increase their number to 165," declared Łukasiewicz. The bank is also preparing a new product offer. "Cash loans are our flagship product and we want them to continue to be so," declared Łukasiewicz and added that the company hopes for a more dynamic growth of the number of personal accounts and plans to begin to issue credit cards later this year. "I believe that due to the development of our offer, the value of the loan portfolio and the assets should double this year," stated Łukasiewicz. Should his forecast come true, the bank would close the year with a loans portfolio of zł.1.6 billion and assets of over zł.2.5 billion. (Puls Biznesu, pp. 1, 6) E.B.