Bank PKO Warsaw is to adopt Surecomp’s trade finance solution to automate its trade service operations.
Following the signing ceremony, Tomasz Mironczuk, vice-president of the PKO management board remarks: "the bank's current plan has developed from the natural consequence of the rapidly maturing Polish banking market. This includes the results of ownership changes to the structure of Polish banks, M&A strategies and the development of modern distribution banking channels."
He adds: "To enable us to establish ourselves as the country's foremost trade finance bank we looked not only for a solution that was well established in Poland and the region in general but for a vendor who would become a true partner in our continued growth and development.”
The Polish state treasury holds 51.49% shareholder stake in the bank, with the remaining 48.51% held be private and institutional shareholders.
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