PZU to Cooperate with Poczta Polska
PZU group, Poland’s major insurance company, will co-operate with Poczta Polska state postal service. The latter launched similar co-operation with PKO BP a year ago. PZU’s management nominated its Deputy CEO for sales and products Piotr Kowalczewski to hold talks with Poczta Polska on Tuesday. Kowalczewski declined to provide details of the future joint enterprises of the two firms. Miroslaw Jakubowski of Poczta Polska divulged that the talks concerned tightening mutual relations. He said PZU hoped to sell its products at Poczta branches, of which there are 8,350 around the country. Since the national postal service already has insurance partners and controls wealth insurer Pocztowe Towarzystwo Ubezpieczen Wzajemnych, it will need to commission detailed analysis and prepare several variants of co-operation agreements with PZU. Nevertheless, many projects are being considered, including joint real-estate management. – Bank Pocztowy Concludes Agreement with PKO TFI
On 2 August, Bank Pocztowy signed an agreement with PKO BP’s investment fund company PKO TFI, which enables it to sell the fund’s units in its branches. PKO TFI’s CEO Tomasz Bogutyn stressed that by signing the agreement, his company established co-operation with ^Poczta Polska| Polish Mail, “potentially the biggest distributor in the country.” At present, Poczta Polska has around 8,000 branches. Initially, the fund’s units will be distributed in 68 branches of Bank Pocztowy located in the vicinity of post offices. In October, the bank is to initiate development of its retail arm by introducing new products to its range. In the next two to three years, they are to be sold in around 5,000 post offices. PKO BP and Bank Pocztowy made the first step towards establishing co-operation in June, when they signed a letter of intent on distribution of PKO BP’s products.
