Raiffeisen Bank Polska and Uniqa to offer joint products

Łódź-based insurance company Uniqa, which recently changed its name from Polonia, is presently in negotiations with Raiffeisen Bank Polska (RBP). Both companies have ownership and business relations on their home Austrian market, but have so far not extended this to the Polish one. "We plan to cooperate in selling products, as well as preparing a joint bancassurance offer," claims the president of Uniqa Lech Michalik. In his opinion, in the first phase insurance products would be offered to the bank's clients and afterwards both institutions would create joint banking and insurance products. The effects of cooperation will be seen in 2004. In addition today Uniqa's agreement with Raiffeisen Leasing Polska (RLP) enters into force and means Uniqa will offer full-term insurance to all assets being leased by RLP. (Puls Biznesu, pp. 1, 9) M.M.