With most of the banks withdrawing from Poland’s MSE sector of late, the financial giant PKO BP is moving the other way, targeting small and medium enterprises with PLN 1m loans that can be processed within 24 hours. PKO already has the biggest share in MSE sector from all the providers, according to Qualifact’s report on MSE sector finances in 2011, with 21.7 percent market share. Its next biggest competitor has just 9 percent percent. “From our experience, Polish businessmen value convenience and their own time” says Agnieszka Wardak, MSE Client Department Director at PKO BP. The marketing on the new product will take place over the next two months.
