Net profit of PLN 1.14 billion is the result of BRE Bank for 2011. That represents an increase by 77 per cent year on year. Only in Q4 the net profit reached PLN 284.8 million. The record high profit is due to the good result of the retail and corporate banking as well as the tight cost control.The annual growth in income by 15 per cent combined with the expense control led at the end of 2011 to a decrease of the C/I ratio to 48.3 per cent, compared to 51.8 a year before. Net ROE reached 16.4 per cent compared to 11.8 per cent a year before.In Q4 2011, BRE Bank finished the expansion of the network of corporate branches. At present, the clients may use the services of 29 branches and 19 corporate bureaus. The last outlet within the framework of the project was opened in November 2011in Koszalin. It is the first bank’s branch which combines providing services to corporate clients under the BRE brand and to retail clients under the brand of MultiBank.In Q4, the retail brands of BRE introduced another product innovation. Regular clients of the bank have the opportunity to use the first on the Polish market on-line car loan. In December, mBank offered the first in Poland personal account with mobile Internet and a tablet in package. Both brands also launched the fist Polish pilot programme of contactless payments through NFC (i.e. with the use of mobile phones) for the users of iPhones. mBank made banking application available to the users of the devices with the Android system, and MultiBank implemented a version of mobile devices transaction service.