Conservative ex-PM to head Poland's biggest bank

Poland's ex-PM Kazimierz Marcinkiewicz is to be nominated as chief executive of the country's biggest bank, PKO Bank Polski.

According to Treasury Minister Wojciech Jasinski, Marcinkiewicz wants to head the institution and is capable of doing so that it continues to bring profits. PKO BP has been listed on the Warsaw Stock Exchange since the end of 2004, after it was privatised, but remains state-controlled.

The Polish government holds a 51-percent majority stake in the bank. There has been widespread speculation in recent weeks about the future of Marcinkiewicz after he lost the race for the prestigious job of Mayor of Warsaw to a liberal rival in local elections at the end of November.

Meanwhile, some experts expressed concern that Marcinkiewicz, who is a former school science teacher, lacks the professional background and experience necessary to run the country's top bank.

Marcinkiewicz was the current government’s first Prime Minister before he was replaced by Jaroslaw Kaczynski.
Source:polskieradio.pl