mBank breaks into profit and aims for a million accounts

The projections for this year envisage that the gross profit will amount to zł.28 million and the company hopes to be able to double the sum in 2006. It has also been decided that mBank will not float on the Warsaw Stock Exchange, as it was originally planned. "We project that this year the number of our clients will amount to 1 million. Five years ago we did not even dream about such a result. It was not even clear if the bank would retain its position on the market for so long, as most similar companies throughout the world failed," said Sławomir Lachowski, BRE's president and the founder of mBank. (Parkiet, p. 6) A.F.