Bloomberg News

BRE Bank’s Corporate Loans May Rise by More Than 10% in 2012

March 02, 2012

BRE Bank SA (BRE), a unit of Commerzbank AG (CBK) and Poland’s third-largest lender by assets, may increase corporate lending by a “little” more than 10 percent this year as it benefits from an expanding economy.

That will be more than twice the pace of the growth in the Polish market and higher than the 9 percent increase last year, Przemyslaw Gdanski, BRE’s management board member in charge of corporate banking, said in an interview in Warsaw today.

“This will be a year of increases for the Polish corporate-banking business, driven by the economic growth” that may be about 3 percent in 2012, Gdanski said.

The Polish economy will probably grow 2.5 percent this year, the fastest pace in the European Union, boosted by spending on roads and railways before the Euro 2012 soccer championships, the European Commission said Feb. 23.

BRE’s corporate-loan provisions may fall further in 2012, Gdanski said.

To contact the reporters on this story: Marta Waldoch in Warsaw at mwaldoch@bloomberg.net; Piotr Bujnicki in Warsaw at pbujnicki@bloomberg.net

To contact the editors responsible for this story: Frank Connelly at fconnelly@bloomberg.net; Gavin Serkin at gserkin@bloomberg.net


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