In the corporate banking sector the company witnessed an impressive growth rate of almost 30 percent, reaching zł.146.8 million, which is higher than the same period last year when it stood at zł.105.3 million.
Investment banking results were slightly better than last year (zł.117.1 million as opposed to zł.104.3 million in 2004), but the net value of loans went down by zł.0.29 billion. The individual loan portfolio also went down slightly, by zł.60 million.
The group's general administration costs rose to zł.590 million, increasing by approximately 12 percent. BRE Bank says it expects zł.290 million in gross profit by the end of 2005.
KJ
The BRE Group report, which was expected early last week but took until Thursday to surface, showed Q3 profit reached zł.55.9 million, meeting the predictions of brokerage houses. Earnings from all three quarters combined to an aggregate of zł.200.44 million, which compares favorably to the 2004 figure of zł.113.9 million. Profit earned on interest was zł.150.4 million (up 20 percent) and special commissions reached zł.113.7 million, rising from zł.100.7 million a year ago.
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