Wancer's Way

11th June 2008

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Poland’s financial watchdog this week approved General Electric's takeover of what is left of bank BPH after its much-disputed takeover by Bank Pekao and its Italian owner, UniCredit. This means BPH can merge with powerful mortgage bank GE Money. Józef Wancer, the man who built BPH in the first place, has already announced he is staying on to expand the branch network and make life uncomfortable for the sector’s leaders.

Born during World War II, Józef Wancer survived an upbringing in Siberia to move to America and grow up to become a successful figure in the top rank of international banking. All that before returning to his homeland to build what was arguably Poland’s most successfu ...

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