Warsaw (Puls Biznesu) – The bank is getting
ready for a worse economic situation. Next year won’t be as good as this year,
which is just great.
In the first half of the year, Deutsche Bank PBC (DB PBC), Poland’s 16th
bank, had the third highest income growth. The result may be even better after
the first nine months of the year. The gross income rose 70 percent to PLN 76m
(EUR 20.8m), so did deposits (to PLN 7.8bn) and the number of clients (to
“In fall last year, we chose four key growth sectors. In three of them, we
managed to exceed the plans, in the fourth one, we realized 80 percent of
plans”, Leszek Niemycki, DB PBC deputy CEO said.
The mortgage loan business is doing very well. The bank decided to sell these
credits cheaply but only of bigger amounts and to chosen clients with big
credibility. In result, its average mortgage loan amounts to PLN 460,000 while
the LTV index amounts to 80 percent. Deposits are the second successful business
for DB PBC. In its three marketing campaigns, the company raised PLN 3bn of
deposits. Part of the funds was spent to develop db kredyt, a brand giving
consumption loans, the third business. The consumer finance is half of the
mortgage loans which amounted to PLN 3.6bn at the end of September. There is one
failed business, however
“We launched the program of systematic saving in September while we should
have done it much earlier when stock markets dived and clients started to be
afraid of risky investment”, DB PBC deputy CEO said.
Despite worldwide crisis, he expects high dynamics in the fourth quarter and
a good result this year. Next year, may be tougher, however.
(PLN 1 = EUR 0.274)