Open Finance sells 20 percent of its shares
10:33
Open Finance, one of the Poland’s most popular private brokerages, will sell almost 20 percent of its shares to two different investors, a Polish press report indicated on Friday. Both RB Investcom and multi-millionaire Leszek Czarnecki will now become important shareholders in the company, the report stated. Each would have 10 percent of the bank’s stock, said to be worth just under PLN 37 million. According to Open Finance’s website, the bank has been suffering financially as of late. It reported Q3 revenue of PLN 266.5 million (down 3 percent, y/y), as well as a 16 percent decrease in the number of branches it operated, which stood at 139 at the end of Q3.
