Locked content Idea Bank’s Q2 net profit with 14.8% growth y/y

Idea Bank’s net profit in Q2 2017 amounted to PLN 58.7 million, slightly above market expectations, marking a 14.8 percent increase year-on-year, the group stated in a market filing. Net profit for H1 stood at PLN 109.9 million, excluding the sale of GetBack, which is a 144 percent increase y/y. Rev...

Locked content Idea Bank’s mobile CMD a hit

Mobile CMDs (cash deposit machine) program, launched by Idea Bank back in 2015 are proving increasingly popular. Just in March as many as PLN 51.5 million were deposited there, which is a 418 percent y/y increase. Overall, funds collected by CMDs account for 20 percent of the banks deposits. The ave...

Locked content Idea Bank increases stake in Noble

Idea Bank will acquire 1,700 shares of Getin Noble Bank, worth an estimated PLN 50 million, Idea reported in a press release on Monday.  It concluded the deal through the brokerage house Noble Securities and with the approval of the Credit Information Bureau (BIK). “Under the terms of the contract i...

Locked content Idea Bank bans non-account holders from using their hubs

Demand for Idea Hubs’ unpaid office facilities and conference rooms is so high that Idea Bank has decided to close them off to non-account holders. 40 percent of regular visitors use Idea Hubs at least once a week, the bank informed in a release. Only one fifth of all visitors use Idea Hubs the same...

Locked content Idea Bank net profit at PLN 276 mln in Q2

Idea Bank, part of the Getin Holding group, had a net profit of PLN 276.6 million in Q2 2016, compared with PLN 118.27 million in Q2 2016, according to a statement issued by the company. The total value of assets grew to PLN 19.53 billion from PLN 18.84 billion in Q2 2015. The lender’s net int...

Locked content Idea Bank expands its mobile ATM fleet

WSE-listed Idea Bank has reported a major expansion of its fleet of mobile ATMs. During the first year of operations, the fleet expanded from 4 to 18 mobile ATMs operating in Poland’s 12 largest cities, including  Warsaw. Idea Bank is going to provide customers with 30 machines by the end of this ye...

Locked content Idea Bank buys 49.99% stake in Getin Leasing

Commercial lender Idea Bank has signed a deal to buy a 49.99 percent stake in car leasing company Getin Leasing (GL) from LC Corp BV, an investment vehicle of the bank’s controlling shareholder Leszek Czarnecki, Idea Bank said in a market filing. The value of the deal stands at PLN 184.6 milli...

Locked content Idea Bank signs deal to sell GetBack for PLN 825 mln

Getin, a subsidiary of Idea Bank, has signed a conditional deal with Emest Investment to sell debt collector Getback for PLN 825 million, Idea said. The finalization of the agreement is contingent on several conditions, including the approval of Polish and Ukraine anti-monopoly watchdogs. GetBack is...

Locked content Idea Bank aims to achieve PLN 60-80 mln net profit quarterly

Idea Bank President, Jarosław Augustyniak has officially announced the main aim for 2016. “Our goal is PLN 60-80 million quarterly net profit from core business and we want to get used to this market. Certainly, we wish the results in 2016 to be better than in 2015. We plan to raise the level ...

Locked content Idea Bank to sell GetBack

The board of managers at Idea Expert, a subsidiary of Idea Bank has decided to put  its debt collection arm GetBack up for sale, Rzeczpospolita daily reported. The company has not disclosed either the reasons for the decision or the amount it hopes to raise through the transaction. Puls Biznesu dail...