Greek EFG Eurobank Ergasias to start branch operations
The Polish branch will be run by Kazimierz Stanczak, until recently a board member at consulting company McKinsey. According to a Puls Biznesu source, EFG will operate in Poland using a totally new brand name due to the fact that another financial institution in the country is already using the Eurobank name. "It is possible that it will become a separate bank operating in Poland. Much depends on business development," said the source. Until now the market was expecting that EFG would focus on providing services solely to SMEs. "It will only concentrate on certain segments and products, but for sure it will not introduce its full offer straight away," said the source. The bank will launch operations in January, while its first outlet will be located in Warsaw. (Puls Biznesu, p. 9) M.M.
