Kredyt Bank gears up to double its market share

The bank will have spent zl.100 million by the end of next year to open 120 new small outlets, through which, apart from banking products, KBC also plans to sell Warta insurance policies worth zl.400 million, as KBC also owns Warta. The bank will develop its bancassurance offer and has ambitions to become the leader of this segment. KB's ambitions are beginning to bear fruit as it has already started to challenge the competition - its mortgage loans grew by 8% in Q1 this year, while Q2 figures should show a 10-20% increase. In Q2 investment funds managed by KB TFI grew by almost zl.300 million, which was 10%, compared to the market average of 6%. (Parkiet, July 8-9, p. 6) J.L.