In Brief: Pekao-Tonsil; Netia Holding; Bank stocks; Apexim bankruptcy

A Poznan court has turned down a motion filed by Bank Pekao to declare Tonsil bankrupt, Tonsil's representatives announced yesterday. After four quarters of 2002, the loudspeaker producer posted a loss of zl. 14.5 million. (Reuters) ... Netia Holding SA announced yesterday that three investment funds, including Montpelier Asset Management Ltd, the Sisu Capital Limited group and Griffin Capital Management Ltd, hold a stake in the company entitling them to 22.72% of votes at the General Shareholders Meeting. (Reuters) ... Hopes that interest rate cuts could be in the offing helped drive bank stocks higher yesterday, though weaker Central European telecoms and energy shares took away some of the shine, dealers said. Poland's BPH Bank jumped 4.31% to zl. 242, while smaller Bank Millennium gained 3.88% to zl. 2.68 and Bank Pekao added 3.27% to close at zl. 88.50. (Reuters) ... Yesterday, the Warsaw commercial court declared IT company Apexim bankrupt after it failed to pay its liabilities. Analysts claim that Apexim wasted an opportunity by failing to develop a software integration division. (Rzeczpospolita, p. C2) A.Z.