14. Investments

The investment expenditures incurred by the Bank in 2014 were slightly higher than in previous years and amounted to PLN 160.5 million, compared to PLN 154.7 million a year earlier.

The majority of investment spending at the Bank, i.e. the amount of PLN 132.2 million, was related to the IT and HR areas. The biggest project financed in the area of IT systems was the implementation of Orange Finance.

Expenditures in the logistics and security area, totalling PLN 28.3 million, were spent on further development and modernisation of the branch network and the Head Office as well as on additional equipment for retail outlets. Moreover, a part of the expenditures was connected with the rebranding and outlets being opened within the One Network project.