Noble Bank to offer investments to wealthy customers

The idea to build a financial intermediary came from the observations of the domestic market, where such companies as Open Finance or Expander, although created recently have proven themselves to be a successful formula. Jarosław AugustyniaK has become Noble Bank's deputy president, the man who formed Open Finance a year and a half ago and established Expander in 2001. "In terms of money, Polish people trust banks the most. That is where the willingness to receive a banking permit comes from. And we will be trying to get quite big money," said Augustyniak. The bank is to accept a one time payment of zł.100,000 or monthly declaration of installments of zł.500 from its clients. According to analysts the times are beneficial for this type of business, and the institutions which should fear the most include Citibank, Fortis and Deutsche Bank. (Parkiet, p. 1) A.K