Eurobank expects profits, looking for investors to implement strategy

Last year the bank received a capital injection of zł.60 million from its owner, LOOK Finansowanie Inwestycyjne. Despite the fact that this increased the company's capital to around zł.100 million, Eurobank remains one of the smallest domestic banks. "Thanks to the injection our liquidity ratio stands at 12-12.5%, which allows for easy development. However if we want to execute the planned strategy we will need to increase capital by another zł.60-90 million," said Eurobank's deputy president, Łukasz Chojnacki, adding that they are already in talks with a potential new investor, who would be interested in joining the shareholder structure. The bank has been on the market for 15 months, but has already managed to build a network of 113 outlets across the country and attract 250,000 customers. (Puls Biznesu, pp. 1, 4) A.K.