[Asia Economy Reporter Yoo Je-hoon] KB Kookmin Bank announced on the 7th that it signed a business cooperation agreement with Bank Pekao in Warsaw, Poland on the 6th. The signing ceremony was attended by Jeon Chae-ok, head of KB Kookmin Bank's London branch, Jerzy Kwieci?ski, Deputy CEO of Corporate Banking and Investment & Capital Markets Group at Bank Pekao, and officials from both banks.
Established in 1929 as a state-owned bank, Bank Pekao was acquired in 2017 by PZU, the largest financial group in Eastern Europe, and the Polish State Development Fund (PFR). In 2019, it was also selected as the best corporate banking bank in Poland by the UK financial magazine Global Banking & Finance Review.
Through the agreement with Bank Pekao, KB Kookmin Bank plans to mutually cooperate in areas such as introducing and recommending customers in fields where collaboration is possible, including corporate loans; supporting Korean companies operating in Poland and local partner companies; and providing various financial products in trade finance such as guarantees and letters of credit. Furthermore, by combining Bank Pekao’s local market expertise with KB Kookmin Bank’s capabilities in supporting Korean companies, they aim to strengthen their business presence in Poland and the Central and Eastern European region.
A KB Kookmin Bank official stated, "Through this business cooperation agreement, both banks will strive to provide more diverse and competitive financial services," and added, "We will do our best to leap forward as a global financial group leading the future, as pursued by KB Financial Group."
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