PZU posts soaring profits despite falling revenues

In the same period, other financial giants on the market, PKO BP earned zł.2.02 billion and Pekao zł.1.59 billion. "We confirmed our prime place on the market in Poland," said PZU president, Agata Rowińska. The previous government had plans to merge PZU with PKO BP and although representatives of both declare readiness and willingness to work together, they continue to move in their own directions. "We are considering different investments in Poland and abroad. We do not exclude entering the banking sector by purchasing a bank or applying for a license," added Rowińska. A bank within the PZU group seems like a good idea according to market experts, as it is the bancassurance sector which brings the largest profits. (Puls Biznesu, pp. 1, 6; Parkiet, p. 13) A.K.