BOS 2002 profits expected to stand at zl. 40 million

Bank Ochrony Srodowiska (BOS) believes its net profits will be close to at zl. 45 million ($11.5 million) in 2003, up 12% from this year's expected zl. 40.2 million. BOS, which specializes in financing environment protection projects, showed net earnings of zl. 33.3 million after the first nine months against a zl. 4.7 million loss in the same period of last year. Sweden's SEB holds a 46% stake in BOS, whose market value stands at $150 million. (Reuters) A.Z.