Małgorzata Krokier-Jachiewicz new Kredyt Bank president

Kredyt Bank's supervisory board has elected Małgorzata Krokier-Jachiewicz for the post of bank president. She was previously vice-president of the company and has now replaced Stanislaw Pacuk, the founder. "Until recently we were a universal bank. At present, with corporate banking in mind, we wish to concentrate on expanding services for retail clients and the development of bancassurance," said Krokier-Jachiewicz. The bank also aims to decrease operational costs by cutting 500 jobs. A restructuring plan also foresees the sale of Agropolisa and PTE. The president did not speculate as to prospective incomes from the sale of these subsidiaries and said nothing of financial forecasts for this year. (Parkiet, p. 5) A.C.