PZU aiming to have PLN 100 bln in assets by 2020

Poland's biggest, state-controlled insurer PZU will present its new strategy for the period up to 2020, said Michał Krupiński, the CEO of the lender, adding that in that period, the company would like to see its assets to grow to PLN 100 billion. The new strategy will include foreign expansion and cost cutting. "I am convinced that this year we are able to turn around the falling net results trend," Krupiński said. He also said that PZU is analyzing the possibility of foreign takeovers, but no decisions have been made. Asked if he is interested in buying the Polish unit of Raiffeisen, he said that "potentially, we may be interested in the transaction."