In Brief: Nordbanken; Pekao raises rates; LOT; WSE postpones Warset; Ster
In Brief: Nordbanken; Pekao raises rates; LOT; WSE postpones Warset; Ster
Nordbanken, a subsidiary of Finnish bank Merita Nordbanken, has called a
public bid for all outstanding shares of Bank Komunalny from Gdynia priced
at zl. 17.5 per share. Nordbanken currently holds 50.02% of shareholder
votes in the Polish bank. (Parkiet, page 1) ... Bank Pekao S.A., one of
Poland's two largest retail banks, is raising interest rates on loans by 1
percentage point and on deposits by up to 3.5 points. (Parkiet, page 8)
.. LOT Polish Airlines is considering raising ticket prices due to high
fuel prices, said the company's spokesman Leszek Chorzewski. (Puls
Biznesu, page 7) ... Tomorrow Ster Century will open its third Polish
entertainment center, featuring a multi-screen movie theater, in the Janki
shopping center on the outskirts of Warsaw. The investment cost zl. 20
million. (Puls Biznesu, page 5) ... Brokerage firms are glad that the
council of the Warsaw Stock Exchange (WSE) decided to postpone
introduction of the new Warset IT system by seven weeks, to Nov. 17. The
decision is considered to be a "lesser evil" than introducing the system
without proper preparation. (Parkiet, page 4)
