Bank Pocztowy to increase its capital

Bank Pocztowy (BP) shareholders have decided to increase the bank's capital by zl. 13 million. From 2004 to 2005, a further capital increase, of more than zl. 100 million, is planned. "First, we intend to buy out BP's shares from its minor shareholders, since the bank's restructuring process requires quick decisions," said BP's deputy general director Ryszard Pidek. By the end of next year, the bank's distribution network will have become fully integrated with Poczta Polska (PP), which means that BP's products will be available only in PP's branches. Last year, BP generated a net profit of zl. 367.000. (Rzeczpospolita, p. B7) A.Z