Bank Notes
PBR would administer Bank Handlowy's 18.66% stake in the yard and PBKS's 20.74% stake. PBR said the agreement would last until June 30, 1999.
The board of Bank Przemyslowo-Handlowy SA (BPH) have voted to suspend deputy president Jan Pamula, arrested in Krak-w over bribery allegations. Earlier BPH said Pamula's arrest had nothing to do with his function at the bank. Pamula is suspected of violating criminal code articles involving bribery and illegally taking advantage of one's work position. Upon conviction such wrongdoings can carry a sentence of up to 10 years in prison. Pamula has been BPH's deputy president since Dec. 1, 1995.
Poland's largest state-owned commercial bank, Bank Handlowy, is likely to be privatized next year. Handlowy's president Cezary Stypulkowski said he would favor a method of privatization which would put some of the bank's stock on the Warsaw Stock Exchange. He also said Handlowy was no longer considered in the government's banking sector consolidation plan, which initially envisaged that Handlowy would lead one of two groups made up of banks which the treasury controlled. Stypulkowski said Handlowy would not seek a strategic investor, but expected part of its stock to be taken up by foreign buyers.
The board of Bank Przemyslowo-Handlowy SA (BPH) have voted to suspend deputy president Jan Pamula, arrested in Krak-w over bribery allegations. Earlier BPH said Pamula's arrest had nothing to do with his function at the bank. Pamula is suspected of violating criminal code articles involving bribery and illegally taking advantage of one's work position. Upon conviction such wrongdoings can carry a sentence of up to 10 years in prison. Pamula has been BPH's deputy president since Dec. 1, 1995.
Poland's largest state-owned commercial bank, Bank Handlowy, is likely to be privatized next year. Handlowy's president Cezary Stypulkowski said he would favor a method of privatization which would put some of the bank's stock on the Warsaw Stock Exchange. He also said Handlowy was no longer considered in the government's banking sector consolidation plan, which initially envisaged that Handlowy would lead one of two groups made up of banks which the treasury controlled. Stypulkowski said Handlowy would not seek a strategic investor, but expected part of its stock to be taken up by foreign buyers.
