mBank's investment supermarket attracts zl. 25 million in five weeks

Over its first five weeks in existence, mBank's "investment fund supermarket" has managed to attract client deposits of over zl. 25 million and the bank's management forecasts the amount to reach zl. 300 million by the end of the year. Other large banks also plan to introduce such products, offering financial instruments of different investment funds under one roof. At present, mBank sells units in five investment funds - Skarbiec, PZU, GTFI, SEB and TFI BH. "I expect our number of customers by the summer to exceed the number using the Internet accounts of brokerage houses," announced Slawomir Lachowski, deputy president of BRE Bank, owner of mBank. In his opinion, by 2005 around 25% of investment funds' units will be acquired by investment supermarkets. (Parkiet, p. 7) M.M.