Will Nordea become one of the top five banks within five years?

The Nordea financial group is seeking to improve its market position and to take vigorous action to enter the first league of institutions, company deputy chairman Thomas Neckmar said on Thursday. Despite Nordea's near-to-symbolic share in the retail and corporate market, Nordea Bank Polska is hoping to begin its takeover of LG Petro Bank before the end of March. Following the merger, the group will introduce its new development strategy, which it hopes will make it one of the top five banks within five years. The company made the same vow in 2000 after they took control over Bank Komunalny and Bank Wlasnosci Pracowniczej. The target date at that time was 2005, and is now as remote as three years ago. Analysts are highly skeptical of the plans. (Puls Biznesu, p. 4) J.K.