BHW laughs all the way to the bank as profits rise 700%

However, the bank's revenues on interests fell by zł.16 million to about zł.352.3 million, while its revenues on commissions rose by zł.33 million to zł.162.3 million. BHW managed to reduce the decrease in the number of deposits made, which grew by zł.1 billion compared with zł.17.4 billion in Q1 2003. The bank has increased its credit portfolio and improved its results from banking activities, which exceeded zł.502 million, and it may even speed up its development in the coming months as its solvency ratio is now 17.6%, giving it the necessary capital to do so. (Puls Biznesu, p. 11) E.B.