PKO BP creeps up
PKO BP recorded a meager increase in its profits in the first quarter of 2005, compared to the same period last year. Measured according to International Financial Reporting Standards, the group's net gain comes to zł.416 million, which is 1.1 percent higher than last year. The gross profit was zł.542 million, a growth of 0.5 percent.
"We will do our best to have 2005's profit higher than last year," said the company's president, Andrzej Podsiadło. This will be easier said than done, considering that last year the bank made a record profit of zł.1.5 billion.
PKO BP is taking leadership in the loans and mortgages sector. "Our market share is growing," says Podsiadło. After the first quarter the bank granted loans worth zł.54.6 billion, i.e. 21 percent more than last year, and PKO BP gave 45 percent more mortgages than in the same period of 2004, worth zł.1.4 billion.
The financial and operating income of PKO BP moved up to zł.1.42 billion, zł.43 million more than last year. Now the bank intends to focus more on income from commissions and charges.
"We will do our best to have 2005's profit higher than last year," said the company's president, Andrzej Podsiadło. This will be easier said than done, considering that last year the bank made a record profit of zł.1.5 billion.
PKO BP is taking leadership in the loans and mortgages sector. "Our market share is growing," says Podsiadło. After the first quarter the bank granted loans worth zł.54.6 billion, i.e. 21 percent more than last year, and PKO BP gave 45 percent more mortgages than in the same period of 2004, worth zł.1.4 billion.
The financial and operating income of PKO BP moved up to zł.1.42 billion, zł.43 million more than last year. Now the bank intends to focus more on income from commissions and charges.
