G12, BGK and possibly Nykredit to apply for mortgage bank license by June

According to unofficial Rzeczpospolita sources, Danish mortgage bank Nykredit AS will be the foreign partner in the venture. BGK and Nykredit would each hold about one third of the mortgage bank's equity, while G12 banks would split the remaining shares. The bank is likely to be created on the basis of the already existing Bud-Bank, in which the State Treasury holds a majority stake. (Rzeczpospolita, page 21)