Idea Bank plans IPO and WSE entry in H1 2015

Idea Bank is going to conduct its IPO and debut on the main WSE floor in the first half of the current year, the lender informed. "The offer includes issuing new shares as well as the sale of shares owned by the shareholders, the new shares will be on sale at first," the press release reads. The target will be Polish institutional and individual investors and some foreign institutional investors as well. The IPO is planed for the first half of this year, but the deadline will be "up to the market," the lender informed.

Idea Bank's net profit has grown to PLN 241.3 million in 2014, compared with PLN 104.2 million in 2013.  The lender has been operating in Poland since 1991.