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The Warsaw Voice » Business » November 15, 2013
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Polish banking sector unlikely to beat 2013 results next year - PKO BP CEO
November 15, 2013   
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Polish banking sector is unlikely to improve 2014 result as compared to this year, but Poland's top bank PKO BP expects a boost from the takeover of Nordea and the conclusion of a bancassurance alliance, PKO BP CEO Zbigniew Jagiello told a news conference.

"It would be a very good result for the sector to repeat the result of 2013, but I am rather skeptical about it," Jagiello said.

In the case of PKO BP, however, the Nordea takeover and the conclusion of the bancassurance alliance project may support the 2014 result, the official said.

Polish banks sported PLN 11.793 billion net result in January-September 2013, down by 2.5% year on year, recent data from the National Bank of Poland (NBP) showed.
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