Pekao elaborates on post-merger plans

"We want to be one of the most serious players in the field of mortgage loans. Moreover we will develop consumption loans and credit cards as, according to forecasts, they will be developing quickest. We also intend to be a leading player in the investment fund market," said Paolo Iannone of Pekao's managing board. Analysts are not enthusiastic about this announcement, as a similar strategy is now employed by all market players. Pekao also hopes to become the leader of mortgage loans denominated in złoty. "I think that I can cope the task of running a business as large as retail banking will be in Pekao following its merger with BPH. I would like to stay, but this depends on the owners," said Iannone, commenting on the information that he would be transferred to another branch of Unicredit. (Puls Biznesu, pp. 1, 10) M.M.