Kredyt Bank joins the trend of return leasing

Kredyt Bank announced plans not only to financially restructure itself, as was earlier anticipated, but also to reorganize its nationwide network of branches. One of the elements of this new strategy envisages the introduction of return leasing. This is be based on the idea of selling premises to an agent and simultaneously leasing it back. Such an operation will allow the bank to free capital which was frozen in property and lower its level of tax liabilities. A similar operation was conducted by BRE Bank a couple of years ago, and according to supervisory board member Bohdan Mierzwiński, it will not lead to a fall in the number of its outlets. According to analysts, the introduction of return leasing will lead to an improvement in the financial results of Kredyt Bank in a relatively short period of time. (Parkiet, p. 6) A.K.