Swiss roll in to Poland

13th June 2009

Customers thinking of joining Poland’s latest foreign bank, Sarasin, will have to cough up a minimum of one million Swiss francs to do so.

The Swiss bank opened for business last month and is looking to attract high end investors as the market for private banks continues to grow.

Sarasin is a regarded as one of Switzerland’s largest banking organizations and it will try to gain a share of Poland’s private banking market which is worth an estimated PLN 150 bln. The last foreign private bank to cash in on the Polish market was the French owned Alior.

The figure is based on the value of an individual’s financial assets which must total PLN 6 mln, according to representatives of t ...