AIB to Withdraw from BZ WBK?

(From Polish News Bulletin)

In Q3, BZ WBK generated net profits of ZL247.1m, which constitutes a 9-percent year-on-year improvement. After the first three quarters, its revenue amounts to ZL2.47bn and is 11 percent higher in comparison to the respective figure from 2007. Costs went up 16 percent and settled at ZL1.28bn. "The economic slowdown is beginning to show. Companies are either slowing down their investment programmes or putting them on hold," says the bank's CEO Mateusz Morawiecki. He adds that according to plans by the end of the year BZ WBK is to have 500 branches; at the end of September, their number amounted to 466. In Q1 of 2009, the network is to be …