Rabobank Polska expects good 2003 profit thanks to entering new markets

Rabobank Polska has forecast that its 2003 profit will amount to approximately zł. 8 million, which is by 40% more than 2002. At the same time the bank is planning to increase its credit portfolio as well as profit on issuing advice and entering the telecoms market. The bank's net profit for 2002 amounted to zł. 5.7 million which, according to Rabobank's president Dariusz Ledworowski, was a success. "We have managed to increase our credit portfolio by some 60% and decreased costs by several percent," he said. Rabobank Polska is responsible for financing 15% of loans in the food products sector. "We have no intention of changing this strategy" said Ledworowski. (Rzeczpospolita, p. B7) A.Z.