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...