BOŚ outlines its new strategy

The bank wants to increase its assets by 20% per year. In order to do that the bank is preparing a share issue directed at particular investors. Thanks to this it will not have to wait for an audit of its 2006 results and will not have to present a prospectus issue. The bank is hoping to earn zł.250 million, though the new strategy does not assume a rapid increase in profitability. It assumes that the bank will specialize in funding investments concerning environment protection. This does not mean that the bank will no longer provide service to retail clients, but it will not develop new outlets in its network and unprofitable outlets will be closed. (Rzeczpospolita, October 21-22, p.B5) M.M.