BWE plans market debut with zl.100 million share issue

Bank Wspolpracy Europejskiej (BWE) has announced plans to issue shares worth zl.100 million and to make its debut on the Warsaw Stock Exchange (WSE) in the first quarter of 2002. "We haven't yet prepared the details, but we are planning the debut for the beginning of next year," said Henryk Pyrka, BWE president. According to analysts, the share issue could benefit from the reputation the bank has established as a provider of services for small and medium-sized businesses. "The bank has the chance not only to obtain the resources it needs for its development, but also to boost its market prestige," said Tomasz Stadnik, investment adviser with Credit Suisse Asset Management. The share issue would be aimed at domestic institutional investors. (Puls Biznesu, p. 4) P.J.