NLB plans aggressive credit policies to double assets

"By the end of this year, we plan to have around zł.1.7-1.8 billion in assets, which means twice as much as in 2003," said Jarosław Dąbrowski, NLB's president. The doubling of the bank's assets is to be achieved largely through aggressive credit policies. "This year, we want to increase the value of our credit portfolio by almost zł.1 billion. By the end of last year, it amounted to over zł.700 million. We have funds for further development. The solvency ratio stands at 20% and we are counting on seeing it drop to 10% throughout this year," Dąbrowski added. The bank hopes to see the number of its customers grow following EU accession, as it believes many foreign companies will start investing their funds in the country after May 1. (Puls Biznesu, p. 9) A.K.