WARSAW (Thomson Financial) - Poland's BRE Bank's successful internet arm mBank plans to have 250,000 customers and more than 300 mln eur in deposits from its Czech and Slovak operation by the end of 2010, a senior bank official said.
"We expect that by the end of 2010, in both countries we will have at least 250,000 customers," BRE's head of mBank operations Piotr Gawron told reporters.
"We foresee that until then, the two divisions will issue 1.2 bln eur in loans and gather 300 mln eur in deposits. The total of investment will be around 29 mln eur. We estimate that the operation will break even by the end of 2012."