PKO BP's new CEO should cut jobs say experts

Jerzy Pruski will take the post of president of PKO BP on today, replacing Rafał Juszczak who has been running the bank for the past 12 months.

"He should focus on concluding the process of implementing the IT system. These activities have slowed down recently and this is one of the major elements that could improve the efficiency of the bank," said Marek Juraś, analyst with DM BZ WBK.

Other experts added that full implementation of the system, which handles roughly 25% of the bank, would accelerate the restructuring of the institution and thus the new CEO should focus on cutting the employment.

Moreover, the new CEO should also pay attention to improving the quality of customer service, which should also boost the bottom line.

However, the bank should be cautious with further plans related to foreign expansion as it has hardly any experience in this type of activity and the market is already almost divided. (Parkiet, pp. 1, 11) M.M.