Poland's Getin Holding more than doubles Q3 net profit on higher lending

WARSAW (Thomson Financial) - Poland's Getin Holding, which includes mid-sized lender Getin Bank, more than doubled its third-quarter net profit thanks to rising demand for consumer credit, mortgages and car loans.

Getin Holding, which also incorporates financial advisor Open Finance and wealth management unit Noble (nyse: NE - news - people ) Bank, earned 110.6 mln zlotys between July and September, up from 43.6 mln a year earlier.

The company said small consumer loans rose three-fold year-on-year while car loans rose 65 pct to strengthen its leading position on the domestic market.

Source:By Piotr Skolimowski,

(Thomson Financial)

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