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The Warsaw Voice » Business » March 12, 2018
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Idea Bank profit for 2017
March 12, 2018   
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Listed lender Idea Bank earned PLN 230.8 million attributable net profit in 2017, down from PLN 441 million in 2016, the company stated in 2017 financial report. Net interest income increased by 9.2% year on year to PLN 681.4 million, while net fee commission income declined by 8.9% year on year to PLN 311.4 million.
Idea Bank wants to sell ca. PLN 9-10 billion worth of all credit products in the coming years, while eyeing sales of credits as such at ca. PLN 2 billion annually, CEO Tobiasz Bury told PAP. The bank could issue PLN 100 million - PLN 200 million worth of subordinated bonds in the seconf half of 2018, board member Malgorzata Szturmowicz said. Idea Bank maintains its willingness to share its profit with the shareholders, but sees it as difficult due to regulatory requirements, Bury added.
The bank plans to increase return on equity (ROE) to over 10% to 2020 from the current level of 5.8%, while at the same time bring cost to income ratio below 45%, the bank informed last week..
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