In Brief: Banking sector results; EFL ties up with Techmex; VW factory

According to data from the Central Statistical Office (GUS) the BANKING SECTOR recorded a slump in its results last year, with, "Sector profits dropping to zł. 2.72 billion, which is 38.1% less than in 2001." (Gazeta Finansowa, April 26-May 9, p. 9) ... Europejski Fundusz Leasingowy (EFL) and Techmex announced they have signed a cooperation agreement of strategic importance to both companies. Techmex will use procedures and finance from EFL for leasing its IT and computer equipment. Furthermore, it will promote cooperation with EFL in its outlets. (Gazeta Finansowa, April 26-May 9, p. 4) ... The Economy and Labor Ministry informed that VOLKSWAGEN plans to construct a new plant to manufacturer automotive components and expand the production capacity of its existing plant in Poznań in 2003. (Gazeta Finansowa, April 26-May 9, p. 2) M.M.