HSBC Polska turns three, profits and expands horizons

It has finally generated it's first profits, and is now preparing for more. "We are planning expansion on three primary markets: servicing enterprises, retail and consumer credits," revealed Janusz Dedo, new president of HSBC Polska. Servicing foreign trade is one of the main areas where HSBC hopes to attract new clients, the number of which currently stands at around 100. "Our target is to take the leading position in Poland in terms of servicing international settlements," said Rob Carver, managing director of corporate banking at HSBC. Company representatives have also declared that they are preparing a new strategy concerning the expansion on the retail market which is to be ready this year. HSBC plans to introduce services which are not yet available on the market, such as international transfers. It is unlikely that the institution will take over a sector competitor, however, as HSBC prefers organic development. (Puls Biznesu, p. 11) A.K.