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...

Locked content Almost 30% of entrepreneurs do not take leave

According to research conducted by Idea Bank, 40 percent of entrepreneurs take leave only once a year, whereas 27 percent of them do not use their leave entitlement at all. Every fifth entrepreneur goes on holiday twice a year and every tenth even three times. This includes larger company owners. As...

Locked content Idea Bank more than tripled its profits in Q2 y/y

Idea Bank, part of the Getin Holding group, had a net profit of PLN 117.92 million in Q2 2015, compared with PLN 33.48 million, according to a statement issued by the company. The total value of assets grew by almost PLN 1 billion to PLN 16.05 billion. The lender’s net interest income came in ...

Locked content Idea Bank becomes national financial intermediary

Polish commercial lender Idea Bank has won the international competition to become the first national financial intermediary in the framework of the Horizon 2020 program. Nearly PLN 100 million of funding will be available for small and medium firms as well as for the so called midcaps with employme...

Locked content Idea Banks to launch PLN 500 mln bond program

WSE-listed Idea Bank, Getin Holding unit, is preparing PLN 500 million bond program, the bank said in draft resolutions to extraordinary general meeting on June 30.  The bank would issue the bonds to end-year. The bonds will have a fixed rate of up to 520 base points or a floating rate of WIBOR6M pl...

Locked content Idea Bank to debut on WSE on Thursday

Commercial lender Idea Bank will start trading its shares on the Warsaw Stock Exchange main floor on Thursday. It will be the 473rd company traded on the bourse and the fifth debut this year, the WSE announced. The value of the IPO stands at PLN 254.18 million. The company is issuing 10.590 million ...