BPH to post a 2005 profit in excess of zł.1 billion

The annual result is 26% higher than the one from 2004. "This year we plan to continue our expansion strategy which began in 2004. As in 2005, we want to win the struggle for both the retail and the SME markets, said Józef Wancer, BPH's president. The bank is going to further develop in the mortgage loans sector and has no plans of withdrawing from granting such credits in Swiss Franks. Józef Wancer did not want to reveal his prognosis for 2006, claiming there are too many uncertainties. According to him, BPH's results could depend on the fact whether or not Unicredito Italiano will eventually receive the control over the Polish bank. (Puls Biznesu, p. 11) A.F.