BRE Group reorganizes its factoring operations

BRE Bank will become the sole owner of Polfactor S.A. and Transfinance a.s., leading factoring providers in Poland and in the Czech Republic respectively. BRE Bank’s shareholdings in Intermarket Bank AG and its other subsidiaries will be acquired by Erste Group, Austria....
BRE Bank Group performance in 2010

The fact that we managed to close the year with record high income and over four times higher pre-tax profit confirms that the execution of our strategy for 2010-2012 brings notable effects, says Cezary Stypułkowski, President of the Management Board of BRE Bank.
BRE Bank Group performance in Q3 2010

PLN 206.5 million of net profit - the best quarterly result in two years. Record-high recurrent income. Significant decrease in creation of loan loss provisions. Acquisition success: more than 80.3 thousand new retail clients and 100 new net corporate clients.
BRE Bank Group performance in Q2 2010

A very good quarter: PLN 171 million of pre-tax profit, income up by 11.2% QoQ. 103.5 thousand new retail and almost 250 new corporate clients put their confidence in BRE Bank. Growth in the loan portfolio.
Change in BRE Management Board, Cezary Stypułkowski appointed new CEO of third largest Polish bank

The Supervisory Board of BRE Bank has today appointed Cezary Stypułkowski for the new CEO as per October 1, 2010, subject to the approval of the relevant authorities. Until now he has been Managing Director and Head of Central and Eastern European Investment Banking at J...
Successful share issue of BRE Bank

All shares offered by BRE Bank in its rights issue have been subscribed. The Bank is set to raise PLN 1.98 billion representing an important element of the strategy announced in March.
Start of a rights issue of BRE Bank with pre-emptive rights

From 19 to 26 May, investors may subscribe for new shares of BRE Bank in the brokerage houses all over Poland. Deutsche Bank AG, London Branch will be the Global Coordinator and Sole Bookrunner. Commerzbank Corporates & Markets will act as Joint Lead Manager.
Q1 2010 results of the BRE Bank Group

PLN 115 million net profit in Q1, Retail Banking business with record results. 126 thousand new clients – over 2 thousand clients daily. Growing effectiveness - 51.4 % of Cost/Income ratio. Issue of shares with pre-emptive rights planned to come.
The shareholders of BRE Bank approved the new issue of shares with pre-emption right

Strengthening of the capital base and gaining funds for expansion within the strategy for 2010-2012 – are the main objectives of the issue of shares with pre-emption right, which was approved by the shareholders of BRE Bank at today's Annual General Meeting. They also de...