Credit Agricole to launch name-brand service in Poland

19th September 2011, Comments 0 comments

French financial group Credit Agricole is to launch branded banking services in Poland by renaming its local arm Lukas Bank, it said on Monday.

"On Friday we will file a formal request to change the name of Lukas. The signs and logos of Credit Agricole will appear on its branches right away," spokeswoman Izabela Moscicka told AFP.

Lukas Bank, wholly-owned by Credit Agricole, claims over a million accountholders in this nation of 38 million, and has 440 branches.

By 2014, its rebranded Credit Agricole network should have grown to 600 branches, Moscicka said.

In the first half of 2011, Lukas Bank posted net profits of 64 million zlotys (15 million euros, $20.5 million), up by 50 percent on the full year figures in 2010.

© 2011 AFP

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