Millennium Bank brandishes blueprint for better business
Published:
6 June 2004 y., Sunday
Millennium Bank's development plan for this year was presented at yesterday's general shareholders meeting.
In an attempt to increase retail sales, the plan envisages implementing a cross selling strategy that would result in its BEL leasing company also offering clients products from Millennium's banking portfolio as well as insurance services from PZU, of which Millennium is a stakeholder. The bank also plans to diversify its risks in the corporate baking sector and introduce new products for small- and medium-sized enterprises that would help them obtain new sources of finance. In order for this strategy to come into fruition, the company has successfully attracted a number of new board members from some of its current competitors. Wiesław Kalinowski, formerly responsible for corporate banking at Bank Handlowy, will now be responsible for the same line of duties at Millennium, while Zbigniew Kudaś, former deputy president of GE Bank Mieszkaniowy, will head the development of Millennium's mortgage banking division.
Šaltinis:
wbj.pl
Copying, publishing, announcing any information from the News.lt portal without written permission of News.lt editorial office is prohibited.
The most popular articles
The European Commission has adopted additional legislative proposals today to further strengthen financial supervision in Europe.
more »
The EU has announced plans to regulate the market for derivatives – complex financial products that helped trigger the financial crisis.
more »
New proposals to help EU farmers through the milk price crisis were backed by Parliament on Thursday.
more »
The European Commission and the European Investment Bank (EIB) Group are organising a conference in Brussels on 22 and 23 October to further promote two initiatives designed to increase the use of financial engineering instruments in the framework of cohesion policy.
more »
The biggest thermal insulation production manufacturer in Finland “Finnfoam” has started the construction of a thermal insulation production plant in Kaunas FEZ.
more »
The European Investment Bank (EIB) is providing two loans in Hungary.
more »
Key Western Balkan projects to benefit from new funding EU, IFI financing to focus on infrastructure, SMEs and energy efficiency.
more »
Lithuania, Belarus and China will cooperate in the development of the initiative of the East-West transport corridor.
more »
On October this year AB Bank SNORAS will provide preferential UAB “Guarantee Fund of Agricultural Loans ” purpose loans to farmers and companies, which scope of activity is economic activity and processing of agricultural production.
more »
The European Commission has today approved an application from Austria for assistance under the European Globalisation Adjustment Fund (EGF).
more »