Leszek Czarnecki prepares for his next acquisition

"We are interested in a financial intermediary as well as one bank. Which bank - I will not disclose. I can add that the basic criteria of selecting potential companies to the holding is the return on equity," said Czarnecki. Analysts speculate that the most probable acquisition is Wschodni Bank Cukrownictwa with its seat in Lublin. It also fulfills the mentioned criteria, as the ROE at the end of 2004 amounted to 57% with profits close to zł.66 million on capital of zł.115 million. The planned acquisition is to be financed through a share issue planned in June from which Getin Bank hopes to raise zł.250 million. Czarnecki emphasized that his financial group will develop mainly in the direction of retail banking. (Parkiet, p. 5) A.K.