BaFin opens PKO the way to the German market

The entry in the German commercial register (Handelsregister) will be the last step before starting operational activity by the PKO Bank Polski branch in Frankfurt am Main. In the meantime, the Bank will meet customers who are interested to be serviced by the PKO German branch.

- We consistently support Polish entrepreneurs who ambitiously develop their business expanding internationally. As in Poland, we want to become in Germany their bank of the first choice. We believe that we will become the leading financial partner for a significant part of the hundreds largest Polish companies operating beyond the western border - says Zbigniew Jagiello, CEO of PKO Bank Polski.

The PKO Bank Polski branch located in Frankfurt am Main will focus on corporate clients, offering them a full range of services and products, including: transaction banking (also international cash pooling), electronic banking, treasury products, trade finance and corporate loans.

In the longer term, the Bank plans to extend its services by advisory on the German market, both, for Polish entrepreneurs already active on this market and those considering expansion. The Frankfurt branch of PKO Bank Polski also intends to acquire German clients doing business in Poland.

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PKO Bank Polski is a leader of the Polish banking sector. After three quarters of 2014, PKO Bank Polski Group posted a consolidated net profit of PLN 2 531,5 million. PKO Bank Polski ranked #1 with six stars in the overall classification in the Forbes magazine Best Corporate Bank ranking. The Bank ranked #3 in the Banking Quality 2013 ranking of TNS Polska and Puls Biznesu. The Bank’s Contact Center, for the sixth time in a row, was a winner in a regular survey of banks’ hotlines carried out by ARC Rynek i Opinia. The Bank won for another consecutive year in the ranking of the top 50 banks in Poland published by the financial monthly Bank. PKO Bank Polski won this year’s edition of the ranking in the category of Property Financing Banks and ranked third among Consumer Finance Banks. PKO Bank Polski was awarded for the implementation of the IKO application in the Electronic Banking and E-Finance category of the 12th edition of the Financial Institutions IT Leader 2013  competition of Gazeta Bankowa. PKO Bank Polski was also awarded for its Innovation Centre in the category Back Office Systems. Around a dozen financial institutions, mainly representing the banking and insurance industry, competed for the IT Leader award. The jury of the Competition of the 8th E-Economy Congress awarded PKO Junior in the Project of the Year category. PKO Bank Polski also enjoys the strongest image among Polish banks. According to a prestigious magazine The Banker which values PKO Bank Polski’s brand name at USD 1.25 billion, the Bank remains the most valuable brand in Polish banking sector. According to the ranking of the Most Valuable Polish Brands 2013 by Rzeczpospolita daily, PKO Bank Polski remained the most valuable brand in the financial industry category, valued at PLN 3.7 billion. In 2012, the Jury of the Banking Leaders Competition, organised as a part of the Polish Economic Congress, awarded PKO Bank Polski as the Best Bank and the Most Innovative Bank for the new offer of School Saving Associations. In rankings based on students’ opinions, the Bank was ranked as one of the best employers in Poland. The Bank’s high position is also confirmed by surveys carried out by the international company Universum Global and AIESEC among students of Poland’s best universities. PKO Bank Polski is also a winner of the Golden Banker 2013 award in the Best Mortgage Loan and the Financial Innovation categories for its IKO application.