BGZ shareholders meet today to decide on share issue
Shareholders in Bank Gospodarki Zywnosciowej (BGZ) will meet today to decide
on whether to go ahead with a planned share issue designed to increase the
bank's capital by between zl.280 million and zl.990 million. The new shares,
which will have a minimum price of zl.65 each, have been earmarked for
current shareholders and domestic and foreign financial institutions. In
August this year the Bank Supervisory Commission (KNB) gave BGZ until the
end of next year to increase its capital, currently standing at zl.902
million, to a maximum of zl.2.5 billion. Also at today's meeting, BGZ
shareholders will be informed of the bank's new development strategy. A
possible scenario involves BGZ operating as a commercial bank. (Puls
Biznesu, p. 10) P.J.
