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Nykredit tests the Polish market

APA - Austria Presse Agentur
opublikowano: 08-09-2005, 18:39

Warsaw (Puls Biznesu) – Nykredit, the outlet of the Danish bank, expects return on investment in Poland in 3-5 years. “In case of mortgage bank, you need certain volume to have profit. I believe we will have income when assets reach PLN 1 billion”, Erik Urskov, Nykredit deputy CEO said.

Warsaw (Puls Biznesu) – Nykredit, the outlet of the Danish bank, expects return on investment in Poland in 3-5 years. “In case of mortgage bank, you need certain volume to have profit. I believe we will have income when assets reach PLN 1 billion”, Erik Urskov, Nykredit deputy CEO said.

The bank has 400 clients now and assets of PLN 100m (EUR 25.4m). 18 months after launching operations in Poland, the bank transformed into unit of Nykredit and implemented one of its products – mortgage credit in euro with flat rate. Next year, further products of Nycredit are to be implemented.

(PLN 1 = EUR 0.254)

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Podpis: APA - Austria Presse Agentur

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