The Growth Trend

Raiffeisen Bank Polska (RBP) closed 2004 with a record net profit of zł.165.4 billion which is almost double the 2003 figure. Last year the bank increased the value of loans by 17% while deposits grew by 8%. "We significantly exceeded our plans for 2004. This year we should continue our growth trend," said RBP president Piotr Czarnecki. The bank opened seven new branches in 2004 and plans to open a further seven this year.