PKO-PP deal fails to get stamp of approval from market

"Last week PP accepted a strategy of developing financial services and financial intermediation, as well as signed a letter of commitment with PKO BP. Both documents should allow it to offer a wide range of financial services," said Mariusz Wnuk, director of financial policy from PP. A team of PKO BP and PP has two months for designing directions of cooperation of the two institutions. "We look for synergy in our networks. We do not exclude the possibility of offering services of PKO BP or PKO BP group in the outlets of the Post, for individuals, enterprises and the public sector," said a manager of PKO BP. Director Wnuk announced that his company is intending to set up 3,500 exclusive financial stands in PP, which will offer numerous financial products. "The declaration is very general. It does not specify in which areas the partners will cooperate to utilize their potential," said Artur Szeski, analyst with CDM Pekao. (Puls Biznesu, pp. 1, 8) M.M.