BRE Bank - Profitability

Banking | Poland | February 19, 2014
$2.99
Excel Sheet

BRE Bank is a textbook example of how to change a corporate/investment bank into one of the most successful retail banks in the country. As the equity market dried up and corporate lending slowed-down a decade ago, the management led by Mr. Lachowski came up with a retail project "mBank", which was then a smart Internet banking, an open platform focused on young professionals. Coupled with a limited branch expansion, the concept gained 2 million perspective clients quickly and started a metamorphosis of the bank.

Now, BRE Bank (or mBank now, as the bank took over the name of its project) is a Polish universal bank with a diversified balance sheet and revenue structure, so different from the bank seen a decade ago. Well done indeed...