Apart from CSI, PKO BP still plans major IT investments

Puls Biznesu learned that bank PKO BP (Poland) has projected 2003 investments of zł. 800 million, half of which analysts believe will be spent on new IT solutions. These plans do not include implementation of the Central IT System (CSI) worth zł. 2 billion. "The bank will designate the money for this purpose over the following years," said one IT sector analyst. In his opinion, PKO BP should at least include in its 2003 budget money for preparatory work on the CSI estimated at zł. 70 million. Out of the zł. 400 million designated for IT in 2003, the bank should create a modern database, implement a data warehouse, develop existing systems, and find money for security and monitoring systems. "The bank still has to activate already acquired systems, for which it acquired licenses," said a representative of a computer integrator.