• PKO Bank Polski has launched representative offices in Sweden and Lithuania.
• Over the past 12 months, the bank has doubled its number of foreign units, achieving the international expansion goals for 2025 as set out in the ‘Number 1. and Full Stop' strategy.
• The plan for 2025–2027 aims to quadruple the number of foreign outposts – including both representative offices and corporate branches – to a total of 12 across EU countries.
• The bank’s mission is to support Polish companies in their expansion and strengthen domestic capital.

PKO Bank Polski has launched representative offices in Sweden and Lithuania. By expanding its international network, the bank supports Polish businesses operating in new markets. During the current strategy’s implementation period, the bank aims to quadruple the number of its foreign units. This will enable more effective support for the development of the Polish economy.

Strategy: We are the most visible Polish bank abroad

The launch of representative offices in Sweden and Lithuania is a key step in achieving the ambitious goals of the bank’s 2025–2027 strategy.

“We intend to expand our international network to twelve units operating within the EU, which means a fourfold increase in just three years. Currently, the assets of our foreign corporate branches in Germany, the Czech Republic, Slovakia and Romania amount to approximately PLN 6 billion. Expanding this network will allow us to significantly increase this figure,” says Marek Radzikowski, Vice President of the Management Board of PKO Bank Polski.

Why Sweden and Lithuania?

The representative offices in Sweden and Lithuania are tasked with, among other things, promoting the PKO Bank Polski brand, performing market analysis and conducting marketing activities. The bank’s presence in these countries will facilitate the identification of high-value cross-border transactions. These offices will enable the bank to gain a better understanding of market conditions and business opportunities in these regions, which may – in the long term – lead to a decision to convert these representative offices into full branches.

“Lithuania is a natural direction for expansion. Many companies with Polish capital operate there, and the country is investing heavily in green energy and infrastructure. Sweden, on the other hand, is a market with increasing activity from Polish enterprises, particularly in the industrial and technological sectors. Our role is to support them in their development and in establishing a strong position in new markets,” says Marek Radzikowski.

Experienced leaders

The Stockholm representative office is headed by Jakob Hansson, a manager with over 30 years of experience in corporate banking in the Nordic countries. The Vilnius office is led by Erika Vovere, an expert with 25 years of experience in the banking sector in the Baltic markets.

Next steps

In the coming months, the bank plans to open its third representative office and launch four new corporate branches in the EU by the end of 2027. PKO Bank Polski currently operates foreign branches in Germany, the Czech Republic, Slovakia and Romania. The PKO Bank Polski Capital Group is also present in Ukraine through KredoBank. Additionally, as part of its correspondent banking operations, the bank handles settlements with over 1,300 institutions in 23 currencies, accounting for 50% of the interbank market in Poland.

Mission: Supporting the economy and business growth

The Polish economy continues to maintain strong momentum, and Polish companies are becoming increasingly bold in their international investments. Having long been primarily a recipient of capital, Poland is now transforming into a nation that actively deploys funds in international markets and reaps the resulting benefits. This trend enhances economic resilience and establishes new sources of growth. As the largest domestic financial institution, PKO Bank Polski plays a pivotal role in this process – providing secure financing, supporting the expansion of Polish enterprises and fostering an environment for the growth of domestic capital. Consequently, Polish companies can compete more effectively on the global stage, supplying the Polish economy with new drivers for development.

***