Kredyt Bank notes record 2005 profit of zł.416 million

However, almost half of it comes from one-off events not related to operating activities. "We are not pleased with operational revenues. They need to be significantly increased this year," stated KB president Ronnie Richardson, "I would like to see the cost to income ratio decrease from 73% to 60-65% despite the planned investments such as adding 120 outlets to our network." The bank wants to increase the number of mortgage and cash loans granted and widen its services for SMEs. It is unlikely that the company will pay out dividends since it has to cover a zł.230 million loss from previous years. (Parkiet, p. 6; Puls Biznesu, p.9) E.B