Millennium Bank brandishes blueprint for better business
Published:
6 June 2004 y., Sunday
Millennium Bank's development plan for this year was presented at yesterday's general shareholders meeting.
In an attempt to increase retail sales, the plan envisages implementing a cross selling strategy that would result in its BEL leasing company also offering clients products from Millennium's banking portfolio as well as insurance services from PZU, of which Millennium is a stakeholder. The bank also plans to diversify its risks in the corporate baking sector and introduce new products for small- and medium-sized enterprises that would help them obtain new sources of finance. In order for this strategy to come into fruition, the company has successfully attracted a number of new board members from some of its current competitors. Wiesław Kalinowski, formerly responsible for corporate banking at Bank Handlowy, will now be responsible for the same line of duties at Millennium, while Zbigniew Kudaś, former deputy president of GE Bank Mieszkaniowy, will head the development of Millennium's mortgage banking division.
Šaltinis:
wbj.pl
Copying, publishing, announcing any information from the News.lt portal without written permission of News.lt editorial office is prohibited.
The most popular articles
Standard & Poor's (S&P) affirmed Lithuania's long-term investment grade sovereign foreign currency BBB credit rating and removed it from a CreditWatch negative position, citing government commitments to address deteriorating public finances.
more »
The EBRD-EIB Multilateral Carbon Credit Fund (MCCF) and Azerenerji Joint Stock Company are collaborating in order to promote energy-efficient power generation in Azerbaijan.
more »
U.S. President Barack Obama, meeting with the leaders of Mexico and Canada, called on all three nations hit by the global recession to avoid resorting to protectionism.
more »
A 10-year $75 million EBRD loan will finance the construction of a combined heat and power plant in the east Siberian city of Krasnoyarsk which is expected to improve energy efficiency and cut pollution by 14 percent thanks to the use of more environmentally-friendly technologies.
more »
The Directorate-General for Competition has issued a review of the aid schemes introduced by Member States and approved by the Commission during the financial crisis.
more »
Rescue planes from New Zealand have been taking part in a massive search for passengers after a ferry sank off the coast of Tonga. At least 27 people are missing.
more »
Courtney Adams has always loved cooking. As a kid she baked brownies for her friends and in college her apartment was the place to go to for a home-cooked meal. But she never thought she'd cook for a living.
more »
The European Commission has authorised, under EC Treaty state aid rules, a scheme offering reduced-interest loans to businesses investing in the production of environmentally friendly products, as part of the German package to tackle the current economic crisis.
more »
Ramūnas Bičiulaitis, former board member and financial director of AB LEO LT, starts working as head of the Finance Department of Danske Bankas.
more »
The EBRD has kept up a rapid pace in the syndicated loans market, defying difficult market conditions and pulling together nine deals so far this year, worth a total €1.2 billion.
more »