Full steam ahead for EmFinanse

EmFinanse president Ryszrd Slowinski said that he predicts that his company will finish this year with assets sold to other banks worth zl. 200 million, and by the middle of next year the company will post its first profits. EmFinanse estimates that its investments will return in 2008. While focusing on mortgages and consumer finance such as car and cash loans, the company is still gaining experience in consumer finance. Because of this, the bulk of its assets will continue to be mortgages until 2008. Apart from BRE Bank , the company cooperates with six other banks. It has no current plans to sell investment funds units, however, it is planning to introduce insurance. The company is also developing a franchise network with plans to open 10 branches by the end of this year. (Puls Biznesu p.10) M.M