AIG Bank Polska reports large net profit in 2003

The company, which specializes in granting cash and non-cash credits, reported a net profit of zł. 62.7 million last year. This is an increase by 270% as compared to 2002, when profits were zł. 23 million. The bank also showed a rise in the value of granted credits by 34%, which amounted to zł. 1.86 billion. A positive result was also registered on capital return, which equaled 43.6%. "We have outperformed standard indicators and we want to maintain this at a similar level throughout the year," announced Piotr Juda, AIG Bank Polska President. These financial results can be repeated if company representatives manage to maintain a constant increase in the value of credits granted in cash in 2004. This is one of the reasons why AIG Bank Polska plans to increase its number of outlets specializing in these services from the current number of 14 to 44. (Puls Biznesu, p. 16; Parkiet, p. 5) A.K.