In Q1 2013, BRE Bank Group made a profit of PLN 323.9 million, which represents an increase by 18.8 percent compared to Q4 2012 and only a 2 percent decrease year on year.
In Q1 2013, the retail banking segment generated a profit before income tax of PLN 205.6 million, which represents an increase by PLN 39.5 million or 23.8 percent quarter on quarter. Over the quarter, the retail arm of BRE Bank acquired 93.5 thousand new clients. At the same time, BRE Bank received a number of awards: MultiBank won the "Service Quality" contest for the fifth time, mBank was awarded for the best Internet site by Banking Magazine, while BRE Private Banking was named the best in Poland for the sixth time. Moreover, the new mBank project team attended the prestigious conference Finovate Europe to present the new mBank internet banking service, including the first European discount platform (mOKAZJE) where merchants finance discounts for clients. The presentation was considered one of the best in London and new mBank was awarded the “Best of Show” title.
In the first three months of 2013, Corporates and Institutions generated a profit before income tax of PLN 206.2 million, an increase by PLN 54.8 million or 36.2 percent quarter on quarter. The rise was driven by an increase in net income (+4.9 percent quarter on quarter) combined with cost reduction (-5.2 percent) and partial release of provisions.In March 2013, BRE was one of the first banks to sign an agreement on Portfolio Guarantee Line de minimis with Bank Gospodarstwa Krajowego (BGK). The agreement was signed within the framework of the government programme "Supporting Entrepreneurship through BGK Sureties and Guarantees" financing guarantees for the repayment of working capital loans assumed by micro-enterprises as well as small and medium-sized enterprises. The limit of guarantees assigned to BRE Bank by BGK amounts to PLN 900 million, which allows BRE to grant about 1.5 billion of working capital loans backed by guarantees. The BGK credit guarantees were offered to the corporate clients of BRE Bank at the beginning of April. The offer is also available to retail clients.Kontakt dla mediów