Volkswagen Bank Polska has become the leader among car banks

In the first half of this year Volkswagen Bank Polska (VWP) signed over 12,000 new credit contracts with a total value of zł. 296.7 million, the company informed Thursday, which gives it the leading position among car banks in Poland. By the end of August the number of accounts under Volkswagen Bank Direct reached nearly 20,000, with the value of assets on them over zł. 500 million, 40% more than in the same period in 2002. The good results spurred the company to look into other market sectors. "We are planning to slowly break the ties between the business climate on the car market and our results," said Grzegorz Tracz, chairman on VWP. Over the five years of its existence, the bank has managed to sign 100,000 credit contracts and gradually strengthened its position on the market, mainly through smooth co-operation with dealers and brand importers associated with Volkswagen Group. (Parkiet, p. 5) J.K.