New management philosophy for BOS signaled by partnership agreement

Bank Ochrony Srodowiska (BOS) has signed an agreement with Skandinaviska Enskilda Banken (SEB) under which the two banks will allow each other access to their respective markets, customers and technologies. The two banks have also agreed to promote each other's products and services to their customers. Although the agreement is reciprocal, industry insiders point out that BOS stands to gain more from it because of SEB's greater experience. The deal appears to confirm that the two main investors in BOS, namely SEB and the National Fund for Environmental Protection and Water Management (NFOSiGW), have finally reached agreement on its management philosophy. (Puls Biznesu, p. 7) M.T.K.