PKO BP and PGNiG make deal on transaction banking 

PKO Polish Bank and the Polish Oil and Gas Company (PGNiG) have signed an agreement on strategic cooperation in the field of banking transactions, the companies announced today. In addition, as a result of winning the tender, PKO BP will handle complex accounts for PGNiG Trading Retail (PGNiG OD), among others in the field of retail payments for gas, as well as a new service offered by the company, which is a block sale of electricity. "We are very pleased that our customers have gained an extra incentive to use gas and to pay their bills in full," said the president of PGNiG Piotr Wozniak during a press conference. PKO Polish Bank is a leader in the Polish banking sector. Total assets of the bank were PLN 266.94 billion the end of 2015. PGNiG has been present on the Warsaw Stock Exchange since 2005. The Group is engaged in production of natural gas and crude oil in the country, and the provision of services of geological, geophysical and exploration in Poland and abroad.