In Brief: Bank of Tokyo-Mitsubishi; BIG Bank Gdanski issue; hotel expansion

At a ceremony on Friday, governor of the National Bank of Poland (NBP) Lesze k Balcerowicz awarded Bank of Tokyo-Mitsubishi with its Polish banking licen se. Bank of Tokyo-Mitsubishi, Japan's second largest bank, will begin operat ing in Poland at the end of the year. (Gazeta Wyborcza, Oct. 20-21, p. 23) . .. Shareholders of BIG Bank Gdanski (BIG BG) will today decide on the propos ed issue of 424 million shares, which will raise the bank's capital by zl.76 4 million. BIG BG's financial condition has been adversely affected by the u nfavorable economic situation, over-ambitious expansion plans, and a costly defense against an attempted takeover by Deutsche Bank. (Rzeczpospolita, p. B5) ... British company Six Continents Hotels Inc. will open two 4-star hote ls in Warsaw in 2003. The hotels will be part of the Intercontinental and Cr owne Plaza chain. Holiday Inn is also planning to expand its presence in Pol and, by building 20 new hotels across the country within the next 10 years. (Prawo i Gospodarka, Oct. 20-21, p. 4) M.T.K.