Bank BPH expects record 2006 profit

He also said that the Q4 profit was definitely better than for the first three quarters. BPH was well placed to enjoy the buoyant economic situation on the banking market. He also said that the situation of bank's credit portfolio is improving which means that the number of unpaid loans is decreasing. The proportion of costs to profits will stay at 47%. The bank will be split into two part in September at the latest. Investors in Mini BPH with 200 branches which has been put on sale, will conduct due diligence in January/February. Józef Wancer assures his shareholders that despite recent resignations, his bank does not lack the appropriate qualified staff that it needs. (Rzeczpospolita, January 6-7, p. B5) M.M.