Idea Bank in no hurry to conduct IPO

The shareholders of Idea Bank, part of the Getin Holding group, are considering an IPO, but there is not decision on the topic yet, the lender’s CEO Jarosław Augustyniak was quoted as saying by ISBnews. The company plans organic growth and does not need extra capital, he said. “We still see a lot of room for further organic growth,” Augustyniak said. “We are confident about financing and capital adequacy in a year’s perspective. We are not forced to enter the equity market.” Earlier on Tuesday, Idea Bank announced that it’s subsidiary Idea Leasing acquired 100 percent in VB Leasing Polska.