Ex Premier Bielecki takes over the helm at Bank Pekao

Former Prime Minister Jan Krzysztof Bielecki today starts his new job as president of Bank Pekao SA. The new boss underlined at the conference yesterday, that the banks should focus on consolidation and on lowering costs and leveraging efficiency, although Pekao is known to be the most cost-effective bank on the Polish market. Bielecki has not announced any detailed plans. "The banks workers must learn about them first," he explained. He has not revealed when the strategy would be presented to investors, either. Bielecki is expected to receive the acceptance of the Bank Supervisory Commission tomorrow. (Parkiet, p. 5) M.K.