PKO BP to open corporate branch in London

WSE-listed lender PKO BP will open its first corporate banking branch in London this year, the company’s CEO Zbigniew Jagiełło announced. The outlet will service Polish companies. “We are filling in the niche, the need for our clients.In Frankfurt, we opened a branch that serves Orlen Deutschland as well as many other Polish companies. They’re looking for loans, trade finance services or are in need of information how they can meet their financial needs in Frankfurt, or in Germany. The same is happening at our Czech branch and now it’s time for the UK,” he explained. He noted that the bank's operations in London will be based on servicing “Polish companies that have relations with Poland.” Jagiełło added that soon PKO BP will start assembling the management team, selecting the location and preparing the IT system for the branch.