Inteligo to post first profit since its founding

Inteligo, the Internet arm of retail banking giant PKO BP, has declared that it will post a profit this year for the first time since it opened. "The return on capital will be symbolic this year, but we are expecting much better results from next year onward," says Inteligo president Konrad Korbowicz. However, Inteligo is significantly lagging behind the Internet banking leader, mBank, which boasts zł.2.7 billion in assets, as compared with Inteligo's zł.1.1 billion. Next year, Inteligo is planning to broaden its product range substantially by offering cash loans, credit cards and possibly mortgage loans. The bank already offers customers access to five different investment funds operated by PKO Credit Suisse, six types of PZU insurance and, starting from September 1, Treasury bonds. "We have already offered bonds worth zł.2.5 million. We expect this amount to rise to zł.20 million by the end of the year," said Krobowicz. (Puls Biznesu, p. 9) T.J.