Getin richer and bigger
The firm announced that this year it hopes to generate up to zł.81 million in net income due to an expected increase in loans to customers. Its net income last year was zł.52.4 million, and after the first quarter this year it had already reached zł.15.5 million.
"This year we want to gather zł.3.9 billion in credit, as compared to zł.1.2 billion last year," says Leszek Czarnecki, the president of Getin Bank. The company is also considering acquiring firms that distribute financial products and intends to expand the number of its branches from 94 to 130.
The company wants to fund its development from a share issue by Getin Holding, a major shareholder of Getin Bank, which is planned for June. Getin estimates it will raise zł.200-250 million from the issue. "The bulk of this, i.e. 80 percent, will be spent on increasing the bank's capital. We will also seriously consider acquisition opportunities," said Michał Kowalczewski, a member of the supervisory board at Getin Bank.
The holding's representatives did not reveal the names of companies it is in negotiations with, but said in a statement that these firms "sell and distribute financial products."
"We will put aside several dozen million for this aim and maybe some acquisition will be completed this year," says Kowalczewski.
Getin Bank hopes that the value of its deposits this year will go up to zł.4.4 billion and the balance sum to zł.7 billion, compared to zł.3.5 billion and zł.4.6 billion last year respectively.
"This year we want to gather zł.3.9 billion in credit, as compared to zł.1.2 billion last year," says Leszek Czarnecki, the president of Getin Bank. The company is also considering acquiring firms that distribute financial products and intends to expand the number of its branches from 94 to 130.
The company wants to fund its development from a share issue by Getin Holding, a major shareholder of Getin Bank, which is planned for June. Getin estimates it will raise zł.200-250 million from the issue. "The bulk of this, i.e. 80 percent, will be spent on increasing the bank's capital. We will also seriously consider acquisition opportunities," said Michał Kowalczewski, a member of the supervisory board at Getin Bank.
The holding's representatives did not reveal the names of companies it is in negotiations with, but said in a statement that these firms "sell and distribute financial products."
"We will put aside several dozen million for this aim and maybe some acquisition will be completed this year," says Kowalczewski.
Getin Bank hopes that the value of its deposits this year will go up to zł.4.4 billion and the balance sum to zł.7 billion, compared to zł.3.5 billion and zł.4.6 billion last year respectively.
