Skip to content
Advertisement

Finance Paid

VeloBank targets higher profit

00:04

VeloBank targets higher profit
Source: Adobestock

VeloBank is preparing a new three-year strategy aimed at reshaping its balance sheet and boosting profitability. CEO Adam Marciniak says the bank is targeting net profit of about PLN 800 million within three years.

Historically, the bank has been heavily funded by deposits, a legacy of its predecessor Getin Bank. Loans accounted for just 28% of the balance sheet two years ago…

This article is for subscribers

Warsaw Business Journal subscribers get the full archive (12,248 articles going back to 1995) and the print edition.

Subscribe

Or try Poland A.M. free for 7 days, the daily briefing, or see all plans and prices.

Already a subscriber? Sign in · No account? Join now

More from Finance All