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 ...

Idea Bank launches CMD on wheels

Corporate clients of Idea Bank residing in Warsaw are now able to use CMD (cash deposit machine) services without going to one of the lender’s branches. Idea Bank launched first Polish mobile CMD, installed in a car, the media reported.

Locked content Getin to buy 5% stake in Idea Bank

Getin Holding and its owner Leszek Czarnecki announced that they will buy more than five percent of Idea Bank’s new shares to be issued in an IPO. Getin Holding informed on Thursday that it will not sell its stake in Idea Bank, as it had earlier planned. Idea Bank set the price of its planned&...

Locked content Getin will not sell its stake in Idea Bank

Investment and financial group Getin Holding has decided not to sell its stake in Idea Bank. However, it will participate in the bank’s IPO scheduled to take place in H1 2015. Getin said in a market filing that ambitious valuation and the currently unfavorable market conditions stand behind th...

Idea Bank launches IPO, will float 31% of shares

Polish lender Idea Bank, which focuses on SMEs, said in its prospectus that it is going to issue new and old shares, totaling 30.7 percent of the firm’s increased capital. The debut will take place on April 16. Idea is looking to raise PLN 1 billion from the sale.

Locked content Idea Bank plans IPO and WSE entry in H1 2015

Idea Bank is going to conduct its IPO and debut on the main WSE floor in the first half of the current year, the lender informed. “The offer includes issuing new shares as well as the sale of shares owned by the shareholders, the new shares will be on sale at first,” the press release...

Locked content Idea Bank doubles profits, expects further growth

Idea Bank, part of the Getin Holding group, had a net profit of PLN 241.3 million in 2014, an increase of 125 percent year-on-year, according to a statement issued by the company. The bank plans further expansion in 2015. “The company expects continued growth of its net results in the next yea...

Locked content Consumer watchdog blasts financial firms

Poland’s Office of Competition and Consumer Protection (UOKiK) has fined four financial firms for their activity regarding insurance-investment products, the watchdog said on Tuesday. Another 24 cases are still being analyzed. Aegon TU na Życie will have to pay PLN 23.45 and Idea Bank was fined PLN ...

Locked content Idea Bank in no hurry to conduct IPO

The shareholders of Idea Bank, part of the Getin Holding group, are considering an IPO, but there is not decision on the topic yet, the lender’s CEO Jarosław Augustyniak was quoted as saying by ISBnews. The company plans organic growth and does not need extra capital, he said. “We still see a lot of...