Daewoo Bank to invest $3m

The new Daewoo Bank shareholders, namely the group controlled by Italian businessman Giovanni Andrea Innocenti, are planning to invest over $3m next year in the bank’s development. The money will mainly be invested in expanding the territorial network and the range of products and services. Bank officials intend to invest in fields related to the banking sector, such as insurance and leasing services. “We have already invested almost $3m since taking over the bank. We plan to invest even more in 2004, in expanding the territorial network and the new services that will be implemented,” Lorenzo Chiappini, Daewoo Bank prime vice-president, told Ziarul Financiar. ZF