Getin Holding and LC Corp. issues look like winners

According to unofficial information, when the dust settles from the issues Getin Holding will have collected zl.648.3 million from the floor, while LC Corp. will have earned zl.559 million. The issues were placed on the Polish and foreign markets and were addressed to selected investors. Capital raised by the holding is to be allocated mainly for the development of Getin Bank. "We want to make a capital injection of zl.130-140 million for the bank. With the current growth in the volume of loans granted by the bank, this is necessary for maintaining the solvency ratio at a level higher than the required 8%," declared Getin Holding's president, Piotr Stepien. In H1 2006, the volume of loans granted by the bank increased by 34% and such growth is to be maintained throughout the whole year. (Puls Biznesu, pp. 1, 9) E.B.