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PKO BP's new strategy hits internal obstacles

Despite the addition of a fifth management board member in July and the sixth to join in September, the second version of the strategy was prepared with no consensus as to the development direction for the institution nor its objectives.

According to Puls Biznesu sources, one of the members of the management board voted against the document. "I neither confirm nor deny," said Krzysztof Gacek, spokesperson of PKO BP. The strategy was presented to the supervisory board, which will analyze it no sooner than in mid-September.

However, no comment on this issue was presented by the supervisory board. According to Puls Biznesu, the assumed new strategy placed a lot of emphasis on assessing risk due to problems on the financial markets, but on the other hand, it did not mention the issue of re-branding nor changing the name of the bank.

"The management board analyzed the proposal [re-branding and changing of the name] and requested additional analysis. And this requires time," said an anonymous employee of PKO BP.

Source: Puls Biznesu (M.M.)

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