Bank Pocztowy postpones WSE debut

Bank Pocztowy, a  bank unit of postal operator Poczta Polska, decided to postpone its initial public offering (IPO) and conduct it "when the market becomes stable and the evaluation of banks will increase," the company informed the media. "We did not want to hold the IPO at any costs. We did not want to take shares for too low a price, taking into account that we were given a recapitalization [of PLN 60 million] from the shareholders," Szymon Midera, the CEO at Bank Pocztowy said. The state-controlled lender was planning to enter the Warsaw bourse this fall.