Nord/LB weighs up retail and SME market; entry to be based on IT platform

"We will carry out an analysis regarding the options for developing a bank in each of these segments," said Jarosław Dąbrowski, president of Nord/LB. The institution will either enter the retail market through acquisitions or on its own, but the final decisions rests with shareholders and the market situation. The president of the company admitted that despite the fact that no detailed plans have been drafted yet, it is already known that the bank will not fight to attract mass clients. It will aim at offering modern products and services based on an IT platform. "Next year we will also conclude the creation of corporate banking. We will expand our presence into the north- and south-western part of Poland," explained Dąbrowski. Currently, the bank is located in five towns. Nord/LB will spend up to zł.75 million on the anticipated investments. (Puls Biznesu, p. 6) M.M.