Getin sweetens portfolio further with sugar bank

This is the third bank that the company controlled by Leszek Czarnecki has bought over the past 18 months. "The group does not have to further expand through acquisitions. However, if there is a chance for a development leap thanks to a takeover we will use the opportunity," said Piotr Stępniak, Getin Holding's president. He did not want to reveal whether WBC would be merged with Getin Holding or would remain an independent entity servicing well-off clients. According to Stępniak, it is also too early to talk about how the takeover will affect Getin Holding's financial results. "We will reveal more details after we collect all the agreements necessary for the transaction, such as banking supervision," he said. In 2004 WBC recorded the net profit of zł.66 million, and after Q1 this year the result amounted to zł.21.2 million. (Parkiet, p. 1) A.F.