Bank Pekao SA and Western Union Sign Agreement to Offer Money Transfer Service in...
* Reuters is not responsible for the content in this press release.
Bank Pekao SA and Western Union Sign Agreement to Offer Money Transfer Service in Poland WARSAW, Poland--(Business Wire)-- Bank Pekao SA and Western Union (NYSE: WU) have signed an agreement to make the Western Union(R) Money Transfer service available via the Bank Pekao network across Poland. The service launched this week through the Bank's extensive network and is available for outbound and inbound transfers in nearly 900 branches, bringing the total number of locations where the Western Union money transfer service is available in Poland to nearly 5,000(1). Bank Pekao SA is the largest commercial Bank in Central and Eastern Europe in terms of market capitalization, and the largest Bank in Poland with 5 million individual and corporate customers. The Bank is also a member of the UniCredit Group, which has a network of more than 9,000 branches in 23 countries, and 40 million customers. Western Union is a leading provider of global money transfer services, providing consumers with fast, reliable and convenient ways to send and receive money around the world via a network of more than 335,000 Agent locations in more than 200 countries and territories. "We are delighted to announce our partnering with Bank Pekao SA in a move that will enable us to extend our network in Poland," said Hikmet Ersek, Executive Vice President and Managing Director, Western Union, Europe, Middle East, Africa, South Asia. "We look forward to a long and mutually rewarding relationship." According to the IMF, the remittance market in Poland was valued at approximately $4,360 million for inbound and approximately $787 for outbound in 2008.(2) About Western Union The Western Union Company (NYSE: WU) is a leader in global money transfer services. Together with its affiliates, Orlandi Valuta, Vigo and Pago Facil, Western Union provides consumers with fast, reliable and convenient ways to send and receive money around the world, as well as send payments and purchase money orders. It operates through a network of more than 335,000 Agent locations in over 200 countries and territories. Famous for its pioneering telegraph services, the original Western Union company dates back to 1851. For more information, visit www.westernunion.com. About Bank Pekao SA Bank Pekao SA has operated for 79 years and is now the largest bank in CEE in terms of market capitalization. It is largest in Poland in terms of assets, credits, deposits and investment products. It has the second largest network of branches (1059 outlets all over the country) and offers to its clients the largest network of more than 3000 in Poland and 13000 in Europe free of charge ATMs. It has over 5 million clients. Bank Pekao SA was awarded "Best Emerging Market Bank in Poland 2006" by Global Finance, "Best Bank in Poland 2005" of Euromoney monthly and "Bank of the Year 2004 in Poland" from The Banker magazine. Bank Pekao SA belongs to UniCredit Group, which is present in 23 countries and has 170,000 employees, more than 40 million customers and a network of over 9,000 branches. (1) Total number of WU locations in Poland is 4,821 (2) IMF, Balance of Payments report of the Statistics Yearbook 2008 WU-G The Western Union Company Anja Reitermann, +43-1-50134-550 firstname.lastname@example.org or Bank Pekao SA Arkadiusz Mierzwa, +48-22-6560701 Press Spokesman Arkadiusz.Mierzwa@pekao.com.pl Copyright Business Wire 2008
- Former WWE champ nabs suspected burglar in Arizona
- First Ebola victim in Sierra Leone capital on the run
- Thousands take to N.Y. streets to protest Israeli offensive in Gaza
- Apple iPhones allow extraction of deep personal data, researcher finds
- U.S. fighter jets escort Canadian plane home over passenger threat