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The Warsaw Voice » Business » November 12, 2008
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New Bank Aims High
November 12, 2008 By A.R.    
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Alior Bank, a new financial institution in Poland owned by Italy's Carlo Tassara Group, is shooting for between 2 and 4 percent of the Polish banking market by 2012.

Even though the bank will not officially launch its business in Poland until Nov. 17, it opened its first 18 outlets here in late October-in cities such as Warsaw, Wrocław and Cracow.

By the end of November the bank wants to serve clients through 80 outlets and eight business centers across the country. Ultimately Alior Bank plans to have 200 branches and more than 400 agent offices nationwide. Alior Bank is a universal bank that will provide both retail and corporate banking services.

Alior Bank plans to "build its market position through traditional and dependable banking," with no speculative investments or toxic assets, said the bank's president, Wojciech Sobieraj.

With a share capital of zl.1.5 billion, Alior Bank will be among the 10 largest banks in Poland in terms of equity, the bank's executives say.

"Thanks to its high equity, the bank has the capacity for stable, long-term development," said Helene Zaleski, chairwoman of Alior Bank's supervisory board. She added that Alior Bank would target both private customers and businesses, including small and medium-sized enterprises.

Alior Bank aims to turn a profit within three years and gain about 1 million clients by 2012. It is shooting for a market share of around 4 percent in the corporate banking segment, and about 2 percent in retail banking, Sobieraj said.
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