mBank aims to have 0.5 mln customers under 24

Polish commercial lender mBank wants to have 0.5 million customers aged 24 and below in the next five years, said deputy CEO of the bank, Cezary Kocik. "As many as 34 percent of accounts are held by young clients. We have a 17 percent market share in that segment. Although this age group is shrinking due to demographics, we think it is worth investing in the segment. Our business goal is to have 0.5 million clients by 2020, thus every third young customer," Kocik said. The manager admitted that from a business point of view, a young client is an investment for the bank, as with time his activity and revenues grows significantly.