Daily: Pekao solvency ratio is close to NBP limit

However, this does not threaten funds deposited in Pekao S.A. and it should not halt its initial public offering (IPO) planned for the first quarter of 1998. The newspaper claims the decrease is the result of Pekao's takeover of shares from brokerage house Centralny Dom Makleski Grupy Pekao S.A., and the State Treasury's decision to pay dividends from last year's profits, rather than boost the bank's own funds. But the bank is not in danger, as it has high-quality assets and the solvency ratio of the Pekao group is significantly higher, at 12.1% in June. (Rzeczpospolita, page 1, 20)