Bankier.pl's 12-month strategy guaranteed by bmp-CEEV investment

Under a deal signed yesterday, German venture capital group bmp and its partner Central & Eastern Europe Venture (CEEV) will increase their combined 20% stake in financial portal Bankier.pl. The financing agreement, which will become effective at the end of the month, will raise the bmp-CEEV holding to over 62% and leave current majority shareholder MCI Management with a stake of just 32.9%. Bankier.pl, which was launched in June 2000, made a loss of zl.3.2 million last year, based on revenues of zl.2.7 million. The company is expecting to bring revenues up to zl.3.3 million this year, and to reduce its net losses to zl.2.1 million. According to a statement by Jens Spyrka, president of bmp Polska, the new investment will provide Bankier.pl with the capital it needs to implement its strategy for the next 12 months. (Gazeta Wyborcza, p. 16; Prawo i Gospodarka, p. 6) A.K.