Invest-Bank to offer new services on digital platform

Digital TV Polsat subscribers with an account in Invest-Bank will gain access to TV banking with the ability to use their remote control to perform banking operations. This is possible thanks to improvements introduced in 2000, when Zygmunt Solorz-controlled Invest-Bank began offering passive access to accounts via the platform. The new product will be available by the end of November and will allow customers to access their accounts and make transfers. Invest-bank is now undergoing thorough restructuring, as for the last three years it has been running a loss. This year it has already closed down 10 outlets and laid-off 400 employees. The introduction of the new system will result in further cuts. According to Grazyna Niewolik, chairwoman of Invest-Bank the bank will open new small retail outlets which would operate with a staff of three or four. The firm is also going to concentrate on cooperating with small and medium-sized companies. In the third quarter of 2002, Invest-Bank recorded revenues of zl. 7 million and net profits of zl. 1.2 million, better than originally planned. According to Niewolik, this year the bank should break even. (Rzeczpospolita, B5) J.K.