BOŚ Bank announces its strategy for 2016-2020
16:08
State-controlled Bank Ochrony Środowiska (BOŚ Bank) plans to achieve return on equity (ROE) of 7 percent on PLN 140 million annual profits by 2020, the bank said in a strategy document released in a market filing.
The bank stated that cost to income will come down to roughly 51 percent. The bank also added in key financial targets to mark return on assets to 0.7 percent for 2020.
Recently, following a net loss of PLN 51.1 million reported in 2015, BOŚ Bank filed a repair program with financial market watchdog KNF.
BOŚ Bank is a commercial lender specializing in supporting undertakings and activities contributing to environmental protection. It has been liste on the WSE since 1997.
