GE's in the money and looking to achieve top ten ranking

This was a record high result and was comparable to the result of ING BSK which is four times as large. Bank representatives announced plans to repeat the result in 2005, and said that they have turned to the owner, America's GE, to ask for the whole sum to be left in the bank, which would increase the bank's liquidity ratio from 9.9% to 12-13%. "We think that if the profit strengthens our capital, than within two to three years we can become one of the top ten financial institutions in Poland," emphasized GE Money Bank president, Mariusz Karpiński. Bank representatives also said they plan to boost their credit portfolio this year from zł.7.6 billion to around zł.10 billion, hoping that mortgages will maintain their dynamic growth. GE Money Bank is considering the introduction of services for the SME sector, but said it is not interested in offering bank accounts and servicing corporations. (Puls Biznesu, pp. 1, 7) A.K.