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Dynamic Growth of BRE Bank’s Profitability

BRE Group’s original annual profit target exceeded after Q3. New target: PLN 490 million pre-tax PLN 403.4 million of BRE Bank’s consolidated pre-tax profit and PLN 306.0 million of net profit after Q3Up to number 2 in mortgage lending (July-August 2006)Important step in...

27 October 2006

BRE Bank Signs an Agreement to Sell 100% of SAMH Shares

On 25 September 2006, BRE Bank and Polish Enterprise Fund V (“PEF V”), a private equity fund managed by Enterprise Investors, signed an agreement to sell 100% of shares of SKARBIEC Asset Management Holding (“SAMH”). The transaction price is PLN 155 million; its forecaste...

26 September 2006

BRE Bank Best Group’s Semi-annual Results in 6 Years

BRE Bank’s consolidated pre-tax profit at PLN 249.1 million and net profit at PLN 180.4 million in H1 2006· Best semi-annual results in 6 years· The 2006 financial targets, including a pre-tax profit of PLN 380 million, may be exceeded· BRE Bank’s new bancassurance...

2 August 2006

A good start for the year: BRE Bank Group’s strong financial performance in Q1 2006

BRE Bank’s consolidated pre-tax profit at PLN 109.5 million and net profit at PLN 78.9 million in Q1 2006· The best first quarter in six years· Investment and corporate banking as the drivers of Q1· All of the Group’s business lines and strategic subsidiaries repor...

28 April 2006

BRE Bank's Financial Report for 4th Quarter 2005

- Successful return to high profitability – Towards mid-term goals· BRE Bank’s consolidated profit was PLN 337.9 million gross and PLN 247.5 million net in 2005· The retail banking business broke even on an annual basis· The new corporate banking strategy BREactiva...

1 February 2006

Approval from the Supervisory Board and Management Board of BRE Bank for the acquisition of shares in BRE Bank Hipoteczny

The Management Board of BRE Bank SA informs that on 14 December 2005, the Supervisory Board and Management Board of BRE Bank SA adopted resolutions permitting the acquisition of 100% of shares in BRE Bank Hipoteczny SA (“BBH”) from Atlas Vermögensverwaltung GmbH, subsidi...

15 December 2005

Agreement on the Merger of PTE Skarbiec-Emerytura and PTE PZU together with a commitment to sell the shares of the merger issue

On 29 November 2005 BRE Bank SA – holder of 100% of shares in PTE Skarbiec-Emerytura pension fund –and PZU Życie S.A. – holder of 100% of shares in PTE PZU S.A. pension fund – entered into „Agreement on the Merger of PTE Skarbiec-Emerytura and PTE PZU together with a com...

29 November 2005

Q2 2005 Results of BRE Bank Group

After 2Q 2005, BRE Bank generated the highest consolidated net profit in four years at PLN 144.5 million. The net profit grew 216% year on year. The BRE Bank Group reported a net profit of PLN 83.9 million in Q2 2005, the best result in 16 quarters. The gross profit was ...

2 August 2005

Q1 2005 Results of BRE Bank Group - press release

The opening quarter of 2005 was the best in 5 years for the BRE Bank Group. Consolidated net profit was more than twice as high as in the previous year, totalling PLN 64,228,000, which is the best consolidated financial result of BRE Bank of the past 15 quarters. The tot...

29 April 2005

Changes in BRE Bank Management Board

On March 14 Mr. Anton M. Burghardt, the First Vice-President of the Management Board and Investment Banking Director in BRE Bank resigned from his service for personal reasons. Mr. Burghardt would be replaced by Mr. Bernd Loewen.

15 March 2005