Type
Business expansion
Country
Poland
Region
Location of affected unit(s)
Sector
Financial Services
Financial And Insurance Activities
Financial Service Activities, Except Insurance And Pension Funding
64.1 - Monetary intermediation

400 jobs
Number of planned job creations
Job creation
Announcement Date
4 August 2009
Employment effect (start)
Foreseen end date
31 December 2009

Description

On 31 July 2009, the Polish Financial Supervision Authority granted permission for the establishment of FM Bank, a lender to be created on the basis of the Micro Fund - an initiative of the Polish-American Enterprise Fund geared at development of small and medium-sized enterprises in Poland and in Central Europe. FM Bank expects to operate a network of 62 branches around the country by the end of the year with a workforce of 400 (with 150 employees taken over from the Micro Fund plus 250 new hires).


Sources

  • 4 August 2009: Puls Biznesu ()

Citation

Eurofound (2009), FM Bank, Business expansion in Poland, factsheet number 69362, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/69362.