Kredyt Bank to reverse fortunes

During the first three quarters of 2006, the bank earned zl. 387 million - 19% higher than last year. Deputy president Konrad Kozik said that the bank managed to end its falling share in loans and trusts for both companies and in the individual clients sector. In comparison with Q2 its share is identical, while the first months of 2006 posted a considerable fall compared to the end of 2005. The company currently has a 3.8% of share of the loans market, 0.6% less than it was a year ago. The KBC group is aiming to reach a 10% market share in all countries it operates in, however, in Poland this is proving especially difficult prompting the company to consider acquisitions. KBC is interested in BPH and its 200 plus branches, however, for the time being it is developing its own network. By the middle of 2008 KBC plans to increase the number of its branches to 450, and is planning to achieve this by offering competitive pricing. (Puls Biznesu p.12) M.M.