Bank Pocztowy plans to conduct IPO in H2

Bank Pocztowy, a  bank unit of postal operator Poczta Polska, has maintained that it will enter the WSE and conduct an IPO in H2 2015, which will include the issue of new shares, the bank announced. Minor shareholder PKO BP said it may sell a portion of its shares. The IPO will be dependent on market conditions, a statement read. The money raised from the IPO will be spent on realizing goals of the lender's 2015-2018 strategy: becoming the leading bank in smaller cities, increasing the number of clients and the lending portfolio, especially in consumer lending, the bank said.