Bank PKO BP poised to invest zł.400 million on IT

PKO BP, the largest national retail bank will devote zł.400 million this year on IT related investments, Puls Biznesu has leant unofficially. Although a budget of similar size was planned last year for these expenditures, the bank spent only a third of the sum. This year, company representatives plan to make up for last year's shortfalls, and spend at least zł.200 million on a centralized IT system alone. PKO BP is currently the only bank on the market which has not yet implemented such a system. The most significant beneficiary of the investments will probably be Warsaw-based Softbank, which is tipped to receive the largest contracts for implementing the system. Softbank also counts on revenues from installing local systems for PKO BP's branches and the Cezar Internet system it designed for the company.