Noble Bank to offer minority stake in IPO

"I think that we should be ready with the share issue in the middle of the year," said Noble Bank's deputy president, Jaroslaw Augustyniak. The decision concerning the size of the stake to be sold publicly has not yet been determined, however, one can almost be sure it will be a minority stake as Leszek Czarnecki does not give up control over his ventures. Noble Bank, which was created on the basis of the former Wschodni Bank Cukrownictwa, needs capital for its own development as well as the development of its subsidiaries, Open Finance, Nobel TFI and Nobel Asset Management. During the six months since launching operations, the bank, which specializes in offering private banking services to the most wealthy, has managed to attract around 1,000 customers. (Puls Biznesu, pp. 1, 12) A.K.