DB PBC sees steady growth in Q3

The bank's gross profit rose by 72.4 y/y to zł.76 million, while deposits grew by 71.8 percent to zł.7.6 billion. DB PBC's client base also rose by 71.2 percent y/y in the third quarter to 227,677.

The bank does not publish full results because it is not listed.

In H1, the bank - Poland's 16th largest - posted the third-highest income growth in the sector.

"In the fall of last year, we chose four key growth sectors. In three of them, we managed to exceed our plans, in the fourth one we achieved 80 percent of [our plan]," Leszek Niemycki, the vice president of the firm's management board, told Puls Biznesu.

For now, DB PBC has chosen to grant mortgage loans at cheap rates, but mainly for large amounts and to clients with high credit worthiness. The bank's loan-to-value ratio amounts to 80 percent, while its average mortgage is zł.460,000.