PKO BP plans to keep its market share and win investors from investment funds

"Retail banking produces over half our revenues and this share is continuously growing. Following the crisis at the beginning of the century, when we were losing market share, we changed our approach and we are not planning to lose it again," said Jacek Obłękowski, deputy president of PKO BP. Its plans include fighting to win over the savings of customers who deposited their money in investment funds and to boost its own investment fund which currently is in fourth place with a 9% market share. "I think that we can become the second largest player at latest by mid 2007, but even this might not be sufficient for us," said Obłękowski. PKO BP sees the largest growth potential in mortgage loans, of which it granted zł.7.6 billion in 2005, while the second market player - zł.4.4 billion. "Our objective is to keep a 30% market share regardless of whether there will be limitations in granting credits denominated in foreign currencies," said Obłękowski. (Puls Biznesu, pp. 1,7) M.M.