BWR resumes trade, investors not worried by auditor's report

On Tuesday, WSE suspended trade in BWR after the bank's auditor, Deloitte & Touche, decided not to comment on the bank's financial statements since it felt BWR should have created far greater reserves than it had done. BWR managing board issued a statement deeming the charges groundless and claimed it was not legally obliged to create extra reserves. After receiving this statement, WSE resumed trade. Investors seem to be more interested in BWR's rumored take over by Deutsche Bank, than in its dire financial straits. Yesterday's price matches BWR's 52-week high. (Gazeta Wyborcza, page 31)