Fortis Bank seeks to unseat Raiffeisen

If realized, this would see it move from 17th place in the market to 11th, which is currently held by Raiffeisen. "We will double assets within 24 months. Currently they exceed zł.6 billion," said Bartosz Chytła, deputy president of Fortis Bank. Currently the most rapid growth is in retail banking, which is experiencing a 70% increase in the number of loans granted, so that this area of the portfolio exceeded zł.3 billion in value at the end of June. "We researched the market and prepared a strategy. We changed our offer and we are modernizing our retail banking system. We intend to double the network so that we have 60 outlets by the end of 2008," said Chytła. The institution will also develop its offer for the SME sector, for companies with an annual turnover of less than zł.500,000. (Puls Biznesu, pp. 1, 10) M.M.