Warsaw (Puls Biznesu) – DB PBC has given so many credits this year that it will probably need additional capital this year.
DB PBC, one of the two banks in Poland owned by German Deutsche Bank, plans that the number and value of credits will grow much faster this year than it was before.
“The credit portfolio may grow by 60-70 percent this year”, Marek Kulczycki, DB PBC CEO said.
In the first four months of this year, credits rose by 30 percent.
“Corporate credits grew by 38 percent compared to the end of last year, to PLN 1 billion (EUR 253m). Mortgage loans grew by 36 percent to PLN 770m”, Marek Kulczycki said.
The bank did not expect it would have to increase its equity this year. However, now it may seem necessary.
“We must think whether and how high capital increase we may need this year”, Marek Kulczycki said.
At the end of 2008, the bank wants to have 200,000 clients.
(PLN 1 = EUR 0.253)