Pekao to tighten cooperation with PZU, Alior – CEO

According to the CEO of WSE-listed, state-owned Bank Pekao, the lender should increase its cooperation with its owned, WSE-listed insurer PZU, and another lender owned by PZU – Alior. “Our branches have a large potential for bancassurance, while PZU branches for assurbanking,” Michał Krupiński said, adding that Pekao “has no concrete plans for the possibility of selling banking products in PZU sales channels.” “We’re not expecting a big revolution. We want to invest more in technology and innovation, and offer even better corporate and investment banking products, not only for the largest companies but also for the strategic segment of small and medium enterprises,” Krupiński explained. Pekao CEO added that cooperation with Alior Bank also being considered. “We conduct intensive talks with Alior on an innovation hub, why invest in the same separately when there are some solutions that can be implemented in the whole sector. I think we might surprise the market soon.”