BZ WBK looks forward to a good 2004

"This year we expect to improve the net result generated in 2002," he stated, adding that in 2003 his institution completed its restructuring process and as a result its consolidated gross profit dropped by 53% to zł.260.4 million. "It was a hard year for us, but in this way we have laid the foundations for success in 2004" said Kseń. This year's profit will mainly come from mortgages as well as loans for companies. Last year, BZ WBK's credit portfolio increased by 10% due to the sale of leasing products as well as mortgage loans. (Puls Biznesu, p. 11) A.Z.