At long last, light at the end of the tunnel for CLiF

"The settlement, which we signed, settles all the outstanding claims. CLiF now has the rights to the liabilities and is the owner of leased equipment," said Dariusz Baran, president of CLiF. He refused to reveal the value of the claims, but so far the company has been demanding zł.89 million from Kredyt Bank. "Thanks to the settlement, CLiF's profits in 2005 will be significant," said Dariusz Baran. In order to regain its financial balance, the company still needs to sign settlements with banks PKO BP, Pekao, BGŻ and BWE worth a total of zł.60 million. According to Puls Biznesu sources, CLiF is close to signing an agreement with another bank, which might be BGŻ. (Puls Biznesu, pp. 1, 7) M.M.