In Brief 2: Kredyt Bank; Poczta Polska; Kompania Węglowa; LDC

Following an announcement on Wednesday evening that it plans to create Q4 reserves of zł. 1.27 billion, Kredyt Bank's share price fell on Thursday by 19.3%. According to market analysts, building these reserves will cause the bank to post a net loss of more than zł. 1.5 billion by the end of 2003. (Rzeczpospolita, p. B9) ... Tadeusz Bartkowiak, the director general of Poczta Polska announced that the company will not be privatized. He revealed that the only structural change which could be introduced is changing it into a holding, but without any private investors. (Puls Biznesu, p. 9) ... Kompania Węglowa, which manages 23 coal mines across the country, has recorded a loss of zł. 818 million by the end of October. (Puls Biznesu, p. 8). .. French-based LDC, which controls a 98.9% stake in publicly listed Drosed, announced plans to develop its business. The company plans to enter other market segments, by introducing products such as frozen and marinated ready-made foods. (Puls Biznesu, p. 11) A.K.