BGŻ still in the doldrums, but Softbank's Eurobank IT system is a hit

Once again the shareholders of Bank Gospodarki Żywnościowej (BGŻ) have failed to keep the deadline to increase the company's capital by zł.500 million, which was due yesterday. The Banking Supervisory Commission (KNB) has agreed to postpone the date to November 27, which is the deadline to sign the final contract with investors who will buy a stake in the bank. BGŻ plans to sell between 8-10.6 million shares at between zł.43-63 per unit. Meanwhile, the bank spent zł.135 million on a contract with Softbank to implement the Eurobank IT system. According to BGŻ representatives, this is a much lower price than that paid by rival enterprises. Low costs, coupled with the benefits of the system have attracted the interest of several other banks in the system. The president of Softbank, Krzysztof Korba, revealed that they are in talks with four big banks who want to switch over to the Eurobank system. (Puls Biznesu, p. 6) A.K.