ding to Polish daily Parkiet, BRE Bank
will apply for approval for opening its retail internet bank unit in Czech Republic and Slovakia in Banking Supervision Commissions next week. Slawomir Lachowski, BRE Bank
's CEO, reiterated in an interview that launching of mBanka is expected for the 2H07. mBanka should start its activity with a full range of deposit and credit (including mortgages and credit cards) products.
Separately, CEO Slawomir Lachowski stated that the new deputy CEO responsible for the retail banking should be known by the end of the 1H07.
Our view: We don’t expect the news to have any material impact on the stock price today.