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The Warsaw Voice » Business » April 8, 2009
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BOŚ Aims High
April 8, 2009 By A.R.    
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Bank Ochrony Środowiska SA (BOŚ) has adopted a new business strategy under which it aims to attract 100,000 new retail clients over three years. It also wants to strengthen its position in Poland's corporate banking sector and boost its role as a provider of funds for environmental protection projects.

The bank wants to strengthen its position on the retail banking market by launching new products such as high-interest deposits and attractive mortgage loans. "We are aware that our products have to be competitive, but they are intended for people who care not only about the price of the product itself but also about other issues such as environmental protection," said BOŚ president Mariusz Klimczak. "We want to increase our involvement in funding environmental protection projects."

BOŚ plans to not only provide businesses with information about loans and other products, but also help them obtain money for environmental projects from European Union funds and special-purpose funds managed by governmental organizations.

The bank expects that its new retail and corporate banking products will help it increase its assets. "We assume that we will be able to double our assets from around zl.10 billion to over zl.20 billion over the next three years," Klimczak said.

Listed on the Warsaw Stock Exchange since 1997, BOŚ is one of Poland's 20 largest banks. Its main shareholders are the National Fund for Environmental Protection and Water Management and the Lasy Państwowe state forest management enterprise. They hold 77.27 percent and 6.5 percent of the bank's stock respectively.
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