PKO BP increases its retail banking charges

This will be achieved thanks to higher charges on transactions as well as an increase in the number of transactions carried out by individuals. Simultaneously the costs will rise insignificantly, therefore the increased revenues will almost totally strengthen next year's results on banking activities as well as the gross financial results. In the first three quarters of this year, PKO BP generated a gross profit of zł.1.7 billion. The results of the retail division, which includes revenues from servicing the SME sector but does not encompass revenues from mortgage credits, did not exceed zł.500 million over the period. "Our business strategy does not envisage further increasing banking charges during 2006, but we cannot exclude increases in the long term," said Gabriel Głusek, PKO BP's managing director, responsible for the retail banking division. (Parkiet, p. 1) A.K.