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The Warsaw Voice » Business » November 10, 2017
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PFR's head praises Pekao
November 10, 2017   
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Pawel Borys
Bank Pekao's new startegic target to raise ROE to at least 14% by 2020 from below 10% is ambitious and potentially building shareholder value, Pekao shareholder Polish Development Fund (PFR) CEO Pawel Borys said, commenting on Pekao's new strategy.
Pekao's plan to boost net profit to PLN 3 billion by 2020 from PLN 2.3 billion in 2016 is not particularly daring, brokerage DM BZ WBK analyst Dariusz Gorski comments. Pekao would take a risk by combining the technological transformation announced on Wednesday with a potential merger with Alior Bank, as this would probably require rewriting the strategy from scratch, according to Gorski.
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