Poland/Enterprises/Banks
Warsaw (Puls Biznesu) – PKO BP, Poland’s largest bank by deposits, which is going to be listed tomorrow, will have PLN 1.4 million (EUR 327.6 thousand) of net income this year, CAIB analysis says. Till the year 2006, the net income should grow by PLN 200 million a year. According to the research, the ROE should exceed 20 percent, which is a high level in comparison with the other listed Polish banks.
The assets should amount to PLN 87 billion, the level noted in the middle of this year. This means that PKO BP is not going to loose its market share. The costs will stay high in the upcoming years. The C/I index will not fall under 60 percent till the end of 2006, CAIB analysts forecast. This is a much higher rate than in the best banks.
(PLN 1 = EUR 0.234)