BGŻ set to benefit from capital injection following EC OK

"According to the decision of the general shareholders meeting we have until November 27 to submit a motion to increase the company's capital, and we will make it on time," said BGŻ spokesperson, Anna Pawelska. The bank's capital will increase by as much as zl.510.8 million after selling its shares to a consortium of Rabobank Nederland and EBRD. Following the registration of increased capital, shareholder banks in BGŻ will be able to sell their stakes and have already announced their intention to do so. Bank Polskiej Spółdzielczości will receive around zl.200 million from the transaction, Gospodarczy Bank Wielkopolski hopes to raise over zl.05 million and Mazowiecki Bank Regionalny around zl.48 million. (Puls Biznesu, p. 5) A.K.