PKO BP has a hard time with Inteligo

The largest retail bank PKO BP, announced plans to rapidly improve the situation of Inteligo, a retailer servicing its clients through the Internet, which it took over last year. PKO BP will make changes to the board of Inteligo, introducing two of its own people. According to unofficial information, these will be Krzysztof Szajek and Zbigniew Krysiak, who will be responsible for new products as well as inter-bank relations and the bank's funds respectively. The changes are dictated by Inteligo's results, which turned out to be much weaker than anticipated. According to last year's plans, the company was to acquire, by the end of Q1 this year some 250,000 clients and zł. 800 million worth of deposits. While they won over 241,000 clients, the value of deposits was far below expectations at zł. 620 million. The bank also plans to widen its offer by introducing loans this year, and hopes to reach profitability early next year. (Puls Biznesu, p. 3) A.K.