Poczta Polska to expand into insurance and banking - Reuters

State postal operator Poczta Polska is likely to expand into consumer finance and insurance in order to revive revenues, Reuters informed, citing a Poland's deputy infrastructure minister Kazimierz Smoliński. "We want to develop the services offered by the post office, that is Bank Pocztowy (Post Bank), insurance. There is huge potential in Poczta Polska. No bank, no insurance company has as many outlets as Poczta Polska, especially in smaller towns," deputy minister emphasized. Moreover, the group intends to develop its IT infrastructure to improve postal and other services to the public. According to Smoliński, the new Poczta Polska's strategy is to be presented in coming months. Currently, Poczta Polska has more than 7,200 outlets and affiliated agencies across the country, employing about 77,000 people.