Meritum Bank net profits up by neraly 300% in 2014 y/y

Meritum Bank recorded a PLN 44.55 million net profits in 2014, an increase of 281.5 percent on yearly basis, the lender reported. Gross profits rose by 317.2 percent y/y and amounted to PLN 58 million. Loan portfolio was valued at PLN 2.7 billion at the end of 2014, by 19 percent more than in a year before.