EuroBank boosts its capital and sharpens portfolio

"Thanks to this the share capital will increase from zł.215.1 to zł.271.1 million," said Alina Stahl from EuroBank. The company will still remain outside the twenty largest banks in the country. All of the new shares will be acquired by the strategic shareholder - French Societe Generale Consumer Finance. During the shareholders meeting, participants made numerous changes to the company's statute, such as enabling the bank to grant mortgage loans from its own funds and granting it the ability to issue credit cards. Implementing new products in cooperation with the strategic investor was identified as one of the means of developing the bank. Up until now the institution had been selling products from Bank BPH and Millennium, but it did not offer any credit cards, which was an exception on the market. EuroBank will also need funds for developing electronic channels for clients. (Puls Biznesu, pp. 1, 7) M.M.