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Mortgage loans sales in Getin Noble Bank to rise by several dozen percent in 2010

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Date: 2010-03-09 07:03

Getin Noble Bank - a new entity created in early January through the merger of Getin Holding's Getin Bank and Noble Bank - plans a dynamic development of its credit action this year, and wants to achieve the credits-to-deposits ratio at 95-100% level at the end of the year vs. slightly over 90% at the end of 2009. The bank assumes the several dozen rise of the mortgage loans sales vs. 2009, the bank's acting CEO Krzysztof Rosinski said on Monday.


"This year, we assume that the rise of (mortgage loans sale) is to be several dozen percent vs. 2009. January was a weak month, as we posted 60-70% level vs. December, and February was significantly better," Rosinski told reporters. He added that the sales was rising and would be higher in Q1/2010 vs. Q4/2009. 

The CEO added that the mortgage loans sales amounted to PLN 1.6bn in Q4/2009, and in the whole year - PLN 4.8bn. These loans balance amounted to PLN 19.3bn at the end of 2009. The sales of car credits reached PLN 1.6bn in Q4/2009, and the balance reached PLN 3.6bn at the end of 2009. 

The value of the bank's deposits amounted to PLN 28.2bn, and credits - 26.2bn at the end of 2009, which means the rise by 41.0% and 21.8%, respectively, annually. In Q4/2009, credits balance amounted to PLN 6.7bn, deposits - PLN 7.7bn and was higher by 76.3% and 120% annually. 

The credits-to-deposits ratio amounted to 90.5% at the end of 2009 vs. 106.6% a year earlier. This year target is C/D ratio at 95-100%. The solvency ratio amounted to 11.1%.

Getin Noble Banks assets amounted to PLN 33bn, and the own capital - PLN 2.8bn at the end of 2009.

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